Webinar "Where will INDEXO be in 2029?"

Watch the webinar recording and find out where the INDEXO Group will be in 2029, how the bank will develop, and how pension savings will grow.

Watch the webinar

Subordinated bond offering

Issuer: AS INDEXO Banka

Interest rate: 10% per annum
Interest payment dates: 29 April and 29 October. First payment on 29 October 2026

Maturity date: 29 April 2036
Issue date: 29 April 2026

Minimum investment: EUR 1,000

INDEXO Group’s updated strategy

INDEXO has adopted an updated strategy and financial plan for 2026–2029, which replaces the previous forecast. Group net profit attributable to shareholders is planned to grow from EUR 0.5-1 million in 2026 to EUR 37-42 million in 2029. DelfinGroup and the pension business are on track to deliver strong results. Consumer lending becomes the Bank’s main focus for the next 24-36 months. The Bank is expected to reach net profit in the fourth quarter of 2027, while more than doubling its loan portfolio to close to EUR 360 million by the end of 2027.

Presentation Press release

Be part of the INDEXO growth story

From pensions to banking

We started with pensions and became Latvia’s third-largest asset manager. Now, with an ECB licence, we are building a modern and transparent digital bank.

Rapid bank growth in two years

70,000 customers and a €130 million loan portfolio. This is just the beginning, and our growth is only gaining momentum.

Untapped potential in the Latvian market

Lending in Latvia accounts for 30% of GDP, compared with a European average of 73%. This gives INDEXO an opportunity to expand its loan portfolio and grow revenues.

8,000+ shareholders and bondholders

In 2017, INDEXO’s shareholders were 30 local entrepreneurs. Since 2022, IPAS INDEXO shares, and since 2025, INDEXO Bank bonds, have been listed on the Nasdaq Riga stock exchange.

For investor inquiries

For investor inquiries

Ieva Bauma

INDEXO Head of Marketing and Communications

[email protected]