Riga, 2015-11-23 08:21 CET (GLOBE NEWSWIRE) -- As of today SIA ExpressCredit by continuing the company’s growth, introduces a common brand - Banknote. Along with re-branding Banknote extends the range of financial services offered, thus creating a new non-banking financial service providers category.
"The company's brand change is mainly due to the fact that we have grown from offering pawn loans to offering a variety of non-banking financial services. In fact, we have created a new category of financial service providers. Our vision is to retain our leading position in this new and promising business category in Latvia, as well as next year to begin to develop our business abroad. Our customers have simple daily financial needs, and to all of them we will continue to commit ourselves to provide customers with an understandable and qualitative service," the company Chairman of the Board Agris Evertovskis commented on the re-branding.
In the Banknote branches throughout Latvia, clients will be able to not only get a pawn loan, but also get cash loans without collateral, to make international cash transfers in collaboration with the Western Union as well to pay a variety of daily bills.
The company, in the coming year plans to invest over 1.3 million euros in the new Banknote brand development.
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SIA ExpressCredit is a state licensed non-bank lending company operating under the brands Lombards24.lv (till 23.11.2015), Banknote and Rīgas pilsētas lombards. The company was established in 2009 and during its existence has become a trusted partner for more than 280 thousand people throughout Latvia. SIA ExpressCredit currently offers the following financial services - loan without collateral, international cash transfers in collaboration with Western Union and pawn loan in 95 branches in 40 major Latvian cities and regions. The company's objective is to provide citizens with financial services that are quick, convenient, safe and close to home.
SIA ExpressCredit employs more than 300 professionals throughout Latvia and in 2014 made tax payments to the state budget of more than 2.3 million euros. Since 2014, the company's bonds are listed on Nasdaq Riga Baltic list of debt securities in which they are available to free trade. The company is a member of Latvian Non-bank Credit Lending Association (LNKA) and Latvian Pawnbrokers Association (LLA).
Edgars Caune
SIA ExpressCredit Head of Marketing
E-mail: edgars.caune@banknote.lv