“Regardless of the uncertainty within the world financial system, demand for client credit score merchandise has not weakened, and folks’s skill to pay continues to be larger than anticipated in a interval of rising rates of interest and inflation. Within the car financing phase, after a barely slower begin early in 2023, we recovered the dynamics within the second half. This combined development was, nevertheless, to be anticipated, as individuals briefly postponed massive purchases.
In 2023, we efficiently addressed the diversification of our funding construction by unlocking quite a few extra financing channels like native influence funds, financial institution investments, native notes, and the most recent bond situation that attracted €50 million and onboarded over 2 000 new buyers primarily from the Baltics. Additionally, we proceed to keep up lean operations and powerful value self-discipline. Along with the rising digitization of our each day processes, we have now managed to keep up a really cost-effective enterprise even in an inflationary setting.
Going ahead, we wish to keep natural progress in our 16 markets, with extra accelerated progress in markets acquired in mid-2023 are additionally open to exploring alternatives by way of new merchandise and market launches or acquisitions. Having a well-diversified debt stack in place with no vital maturities upcoming in 2024, our focus shall be on potential fairness elevating, exploring alternatives each in Baltic markets and outdoors”
