IPAS INDEXO, a financial services group that includes pension management companies and INDEXO Bank, will hold an extraordinary shareholders’ meeting on July 11 to decide on raising additional capital. The capital increase is driven by high client interest in lending – within approximately one month since launching its mortgage refinancing service at the end of May, INDEXO Bank has issued loan offers totalling more than 86.6 million euros in response to the high number of applications.
At the same time, INDEXO is exploring opportunities for strategic growth in the financial services sector, including potential acquisitions of financial market participants or assets, if market conditions are favorable.
"Continuous growth has always been the guiding principle of INDEXO – both in pension management and banking services. The overwhelming interest in our mortgage refinancing offer shows a significant market opportunity, and to seize it, we need additional capital, as any bank’s lending capacity is directly tied to the amount of available capital," says Valdis Siksnis, Chairman of the Management Board of INDEXO Bank and one of INDEXO’s founders.
The extraordinary shareholders’ meeting will take place on July 11, 2025, at 10:00 AM at Roberta Hirša Street 1, LV-1045, in the conference hall MEDUS on the 1st floor of the Verde A building. All INDEXO shareholders are invited to attend. The meeting will follow standard procedures – more information about the technical arrangements and agenda is available in the company’s announcement on the Nasdaq Riga website or in the investor news section of the INDEXO website.
About INDEXO
INDEXO is a financial services group that includes pension management companies and INDEXO Bank.
INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia. It is one of the fastest-growing pension managers in the Baltics, with over 144 thousand customers and more than EUR 1.34 billion assets under management.
INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 36 thousand clients, with total client funds amounting to EUR 48.7 million and EUR 11.1 million in issued consumer loans.
Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with more than 6,400 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services. For more information visit www.indexo.lv.