AS INDEXO Bank’s loan portfolio before expected credit losses reached EUR 134.8 million at the end of September 2026, increasing by EUR 30.6 million, or 29%, during the third quarter. The bank’s client base reached 69.8 thousand at the end of September, growing by 6.5 thousand, or 10%, during the quarter, while deposits amounted to EUR 162.1 million, increasing by EUR 29.5 million, or 22%. On 2 October 2026, INDEXO Bank issued its first loan to a corporate client, marking the launch of initial test transactions in corporate lending.
“During the third quarter, we continued to deliver strong growth across all key banking metrics, including client numbers, deposit growth and lending. The issuance of the first loan to a corporate client marks an important next step in the development of INDEXO Bank. Following our initial pilot loan transactions, we will continue to gradually enhance our internal processes, IT systems and operational capacity to become an active provider of banking services for Latvian businesses as well,” says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank.
Meanwhile, the number of clients of the INDEXO Group pension management companies, comprising IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds and INDEXO Asset Management IPAS, exceeded 162 thousand at the end of September, while assets under management surpassed EUR 1.7 billion. The number of clients investing in the 3rd pension pillar has grown significantly. Since June, the number of such clients has increased by 7.2%, while the volume of assets under management in the 3rd pension pillar has grown by 11.7%. Since 1 October 2026, INDEXO Bank has provided depositary bank services for all pension assets managed by the INDEXO Group.
About the INDEXO financial services group
INDEXO is a financial services group comprising pension management companies IPAS INDEXO, INDEXO Atklātais Pensiju Fonds AS, and INDEXO Asset Management IPAS, as well as INDEXO Bank AS and DelfinGroup AS.
The Group’s pension companies manage EUR 1.7 billion for more than 162 thousand customers in Latvia. INDEXO Banka, a bank licensed by the European Central Bank, serves more than 70 thousand customers with deposits exceeding EUR 162 million and a loan portfolio before expected credit losses exceeding EUR 135 million. The Group reached profitability in the first quarter of 2026.
More information: https://indexo.lv/en/
