Capitalia unaudited interim financial statements for Q3, 2019
The third quarter of the year was unexpectedly active and Capitalia financed businesses for the total amount of EUR 5.65 million (EUR 4.69 million in the previous quarter). Among the financed businesses during this period where, for example, such companies as Kleintech (IT development), Peruza (production of industrial equipment), PTC (wholesale of packaging equipment and materials) and Volas (roofing services). Furthermore, we have concluded a venture capital investment in a fast growing and ambitious Latvian venture working in education sector. We have also continued to provide loans with European Investment Fund’s guarantee instrument and since launch of the program in the beginning of this year 51 companies have received the financing with this subsidy.
During the fourth quarter of the year we expect to focus on the growth of financing portfolio, especially expanding our presence in the Estonian market.