Exactly, this is not an ordinary bank. Understanding the customer’s needs and experiences is one of our core operating principles. We do not apply a standard approach for achieving customer goals, each solution is found by thoroughly analysing each situation individually and following the global trends in the industry.
Signet Bank AS
Antonijas street 3,
Riga, LV 1010, Latvia
Phone: +371 67 080 000
Fax: +371 67 080 001
E-mail: [email protected]
Monday to Friday
9:00 a.m. – 17:30 p.m
Established in 2012, Mogo Finance is one of the largest secured used car financing companies in Europe.
Diversified car financing operations in 1 1 active markets, as well as consumer lending operations in 3 of these markets.
With a strong online presence, ca. 100 strategically located branches and over 1, 2 00 partner locations, the Group is the market leader in most countries in which it operates, including Latvia.
The Issuer, AS « mogo » (Mogo Latvia), is a subsidiary of Mogo Finance (the Group) and operates in Latvia, the largest market for the Group with 16.3% of net loan and used car rent portfolio as of 2020.
Mogo Latvia is a clear local market leader in its niche and top of mind choice for new and existing customers.
Mogo Latvia’s portfolio consists predominantly (more than 90%) of secured loans. The business has shown sustainably high profitability throughout the years both in terms of absolute figures as well as profit margins.
Well known and experienced Baltic capital markets participant, with two issues since 2014. Both bonds are listed on Nasdaq Riga one issue on the Regulated market, the other on the First North Alternative market. Diversified investor base, with more than 200 investors, including both individual , as well as institutional.
Non bank financing
EUR 30 000 000
@101% every month
EUR 1 000
Interest coverage ratio at least 1.25x Capitalization ratio at least 15%
Signet Bank AS