Loan provider InCredit Group sees turnover drop 9.7% in 2021

• Published date: 19 July 2022
• Publication title: LETA

RIGA, July 19 (LETA) - Latvian loan provider InCredit Group, which belongs to Rietumu banking group, closed 2021 with EUR 10.983 million in turnover, which declined 9.7 percent from a year before, while the company's profit dropped 13.5 percent to EUR 3.14 million, according to Firmas.lv business information website.

The company's management reported that the slowdown of economic activity caused by the Covid-19 pandemic had a negative effect also on InCredit Group's business as the company's assets decreased primarily on account of the loan portfolio...