INDEXO Banka reports rapid growth after two years of operation

INDEXO Banka has marked its second anniversary of operations, reporting significant growth in its client base and financial metrics. As of late August, the bank has surpassed 67,000 clients, maintains a credit portfolio of 124 million euros, and holds 148 million euros in customer deposits.

Since its inception, the bank has paid out 3 million euros in interest to its clients. Comparing figures from late August to the beginning of the year, the bank saw a 36% increase in clients, a 123% increase in its credit portfolio, and a 101% increase in customer deposits. Valdis Siksnis, Chairman of the Board of AS INDEXO Banka, noted that the bank is becoming a significant consumer lender and holds a dominant role in the mortgage refinancing segment.

The bank aims to reach a level where operating costs are covered by monthly income before expected credit losses by the end of the year. Additionally, INDEXO Banka plans to begin servicing corporate clients by the end of this year.