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 here.