The pension management company IPAS “Indexo” (hereinafter – INDEXO), which established INDEXO Bank in Latvia last year, plans to initiate a new capital raise in the near future. The capital will be used to complete the acquisition of IPAS Vairo and support the further development of the bank, including expanding its mortgage lending activities. INDEXO plans to raise up to approximately EUR 3.5 million by issuing new shares, which will be available for subscription by any resident or company in Latvia.
The subscription period for the new shares will be announced shortly after the approval of the Prospectus by the Bank of Latvia, which is expected in the coming days.
“The development of the bank is closely tied to capital – the more capital we have, the more we can lend and actively work on launching new products. We see strong demand in Latvia for affordable loans with fair terms. Since May, in addition to consumer lending, we have successfully launched mortgage refinancing, and in July alone – in just one month – our total loan portfolio grew by more than 50%. Increasing INDEXO’s capital gives the bank the opportunity to change the stagnant lending market in Latvia. For every Latvian resident, it’s also a chance to become a shareholder in a successful, local financial services group that creates value for Latvian society,” says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank and one of its founders.
All interested parties are invited to join a free online webinar “INDEXO Results and future plans” on August 7 at 18:00 (EEST) in English (16:30 (EEST) in Latvian), where the INDEXO team will present the company’s first-half performance results, future development plans, and explain why becoming an INDEXO shareholder is a valuable opportunity. Register for the webinar here: https://staging.indexo.lv/en/webinar-202508/
Disclaimer: The planned share issuances’ issuer is the parent company of INDEXO Bank, IPAS “Indexo”, registration number 40203042988. The information contained on this announcement constitutes an advertisement. The content of the announcement is of an informative nature and should not be considered as investment advice or an offer. Potential investors should seek advice from experts if needed. Any investment decision should be made considering the prospectus approved by the Bank of Latvia. The approved prospectus will be published on INDEXO’s website (www.indexo.lv/en/for-investors/). Approval of the prospectus should not be considered as a solicitation for the purchase of shares.
