Capitalia unaudited interim financial statements for Q2, 2019
The second quarter of the year continued to be very active and Capitalia financed businesses for the total amount of EUR 4.69 million (EUR 5.36 million in the previous quarter). Among the financed businesses during this period where, for example, such companies as MoonCom (wholesale of electronic equipment), Peruza (production of industrial equipment), AgroCredit Latvia (financing of agricultural companies) and Abavas Dārzi (drink manufacturing). Furthermore, we have agreed in principal regarding venture capital investment in a fast growing and ambitious Latvian venture working in education sector. By implementing guarantee support initiative with European Investment Fund we have already provided financing to 32 small businesses for the total amount in excess of EUR 400 thousands.
During the third quarter of the year we expect to focus on the growth of financing portfolio, including, activating and expanding our operations in Estonia.