AS INDEXO Bank, which launched its mortgage refinancing service at the end of May, signed its first agreements in June, with a total value of EUR 2.42 million. Meanwhile, as of the end of June, refinancing transactions worth EUR 54.7 million were in various stages of progress.

As of the end of June, the total number of INDEXO Bank clients reached 37.3 thousand – an increase of 2.1 thousand compared to the end of May. The bank’s loan portfolio grew to EUR 12.2 million by the end of the month, up by EUR 2 million compared to the previous month. Client deposits totaled EUR 48.3 million at the end of June, and the bank paid out EUR 89.7 thousand in interest to clients over the month.

“We’re seeing strong interest from people looking to refinance their mortgages, and we continue to actively issue offers. Even if a client ultimately doesn’t refinance with INDEXO, we know that our offer often pushes their “old” bank to respond by lowering their mortgage interest rates – and that’s a win for the people of Latvia. Challenging the market is a core INDEXO value, both in pensions and banking, and we’re pleased to see that our entry into the mortgage market is already creating tangible value for people in Latvia,” says Jānis Mūrnieks, Member of the Management Board and Head of Retail Banking at INDEXO Bank.

Meanwhile, pension management company IPAS INDEXO had 144,995 pension clients as of the end of June, with EUR 1.346 billion in assets under management.