DelfinGroup: Signet Bank initiates coverage of DelfinGroup

DelfinGroup informs that AS Signet Bank has conducted an initiation report for DelfinGroup, providing insight into the company's results, market environment, and stock valuation. The research report analyses the current DelfinGroup situation based on the latest publicly available data and estimates.

"Since DelfinGroup IPO in 2021, our shareholder base has experienced significant growth, nearing the 9,000 mark. Furthermore, DelfinGroup emerged as the most traded stock in 2023 on the AS Nasdaq Riga stock exchange, a testament to our company's high level of investor interest. We are delighted that investors can now access a comprehensive, professional, and independent evaluation of our company, enhancing their understanding of our business model and growth opportunities," says DelfinGroup CFO and Member of the Management Board Aldis Umblejs.

All existing and potential company investors can use the initial review to evaluate investments in DelfinGroup securities.

The full report is available on the DelfinGroup website: https://delfingroup.lv/analyst-coverage

Disclaimer.

The report is prepared for informational purposes only and does not recommend buying or selling the company's shares. Investors are responsible for their investment decisions.

About Signet Bank

Signet Bank is one of the first banks in independent Latvia, founded in 1991. Signet Bank is Latvia's leading investment bank, offering sustainable financing and investment solutions to local entrepreneurs and businesses. Since 2021, Signet Bank has raised additional funding of EUR 450 million for more than 40 Latvian companies through bond and equity issues. In 2023, Signet Bank's funds under management reached EUR 1.4 billion. Signet Bank is the leading corporate bond arranger in Latvia and the leading stockbroker in the Baltics in 2023 according to Nasdaq Stock Exchange.

About DelfinGroup

AS DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.

For further information, please contact:
Aldis Umblejs,
DelfinGroup Chief Financial Officer
Phone: [phone]
E-mail: [e-mail]

© 2024 GlobeNewswire (Europe)

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