It has been a while since we’ve checked in on our largest loan originators. We asked the VIACONTO.se and VIASMS.lv country managers to give us insights into their performance and plans.

Sweden

The business has shown significant growth over the past quarter, with the net portfolio increasing from 97M SEK to 130M SEK. Additionally, monthly sales have surged, reaching a peak of 37M SEK, up from 28M SEK. The demand is also rising, with 16% of clients reaching their maximum credit limits, indicating potential for offering higher limits in the future.

The loan volume increased by 9M SEK during this period, growing from 28M SEK in Q2 to 37M SEK in Q3. This represents a 32.14% increase compared to the previous quarter.

In Q2, default rates typically decrease due to tax returns, and they stabilise to normal levels in Q3. Currently, there is a slight negative trend in defaults, reflecting the ongoing challenges in the market. However, we are continuously adjusting our strategies to navigate this environment.

The recent successes in Sweden can be attributed to the expertise and dedication of highly qualified professionals who consistently excel in their respective fields. Their combined efforts have been a key factor in the company’s sustained success throughout its history.

Latvia

In the second quarter of 2024, our Latvian operations have seen notable growth, with the Gross Portfolio increasing by 9.47% and the Net Portfolio by 9.83% compared to the previous quarter.

The loan volume issued has risen by 8.9%, adding 1.1 million EUR, and when compared to the same period last year, we’ve experienced a 48.9% growth, equating to an 8.6 million EUR increase.

Our focus on enhancing user experience through upgraded IT systems and new service implementations has played a key role in this success, allowing clients easier access to their credit lines and more convenient payment options.

Additionally, our efforts to improve debt collection processes are already yielding positive results. On the risk management side, we’ve observed a slight decrease in overdue loans, with the share of loans 90 days past due dropping from 1.78% to 1.70%.

Moreover, newly signed agreements in Q2 are showing improved performance, with slightly lower delinquencies at 30 days past due compared to the previous quarter. These combined efforts reflect our commitment to optimising financial performance and delivering efficient, customer-friendly services.

Disclaimer

1)This is marketing communication, not investment advice or investment research. Investments involve certain risks and costs. Legal information about SIA “Viainvest” and its services is available here: https://viainvest.com/en/company/legal/. 2) This is a periodic fact sheet provided for informational purposes. Data sourced from our own internal records. Past performance is not a reliable indicator of future results.