In the first half of 2018 Capitalia reported turnover of EUR 597 thousand and profit of EUR 55 thousand. In accordance to the strategy, company has decreased its overall assets that were EUR 3,540 thousand at the end of the reporting period, while total business loans under management increased and stood at EUR 5,624 thousand.

On key events

During the first half of 2018 we continued our focus on attraction of new clients and cooperation partners in all of the Baltic countries. Also, we continue preparation for refinancing of our bonds that mature in October this year. As typical, client activity is lower during the summer months, what provides us an opportunity to work on improvement of our operating procedures and organizational set-ups. As part of such project, we are continuing reorganization process with the daughter companies in Lithuania and Estonia, where we plan to continue working through branches.

On plans for the next quarter

For the following three months the key focus of Capitalia will be to continue initiated reorganization process, as well as prepare for more active financing season in the autumn. Particular focus we plan to put on development of invoice purchasing product for whom we see great potential in the Baltic States.

On Capitalia

Capitalia funds small and medium enterprises in Latvia, Lithuania and Estonia. To date Capitalia has financed working capital and investment needs of more than 1000 companies investing over EUR 30 million in growth of these businesses.