Banknote

Last Updated: 19.06.2019. Date when the basic information was updated
Banknote
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 225.7 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 17.3 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
10.7%
Website:
expresscredit.lv
Founded:
2009
Employees:
262
Joined Mintos:
Feb 2016
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
34%-281%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 17 405 913

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About

Banknote has become a trusted partner for more than 300 000 people across Latvia. Banknote offers personal loans, international bank transfers, and secured loans using personal property as collateral (pawnbroking) in its 86 branches across Latvia. 

 

SIA ExpressCredit (Banknote brand) is 100% owner of SIA ViziaFinance (VIZIA brand).

 

Presentation

Presentation

Last Updated: 09.05.2019

Financials

Financials

Last Updated: 25.04.2019

Loan Agreement

Loan Agreement

Last Updated: 19.06.2019