Pension provider 'Indexo' applies for a banking license

Take note – story published 1 year ago

The pension manager "Indexo" has submitted an application to the Financial and Capital Market Commission (FKTK) for a banking license, the company announced December 27.

"This is important, but only the first step in the licensing process of the new Indexo Bank - we are currently ready for close cooperation with the FKTK and the European Central Bank (ECB) in order to move towards obtaining a license," said Valdis Siksnis, chairman of the board of Indexo and one of the founders.

Indexo did not say how long it expected the application prcess would take, noting that it is a complex and labor-intensive matter. If and when it does get a license, Indexo plans first introducing services for private individuals, which will be followed later by corporate services.

Indexo was established in 2017, and its largest shareholder is SIA "DVH", which, according to its IPO prospectus, owns approximately 22.31% of the shares. The owners of the company "DVH" are SIA "Perfect Match" (40.97%), whose sole owner is Henriks Karmo, SIA "VSCAP" (33.07%), whose sole owner is Siksnis, as well as SIA "Dziela" (11 .94%), whose owners are Kristīne Mūrmane and Druvis Mūrmanis in equal shares, as well as SIA "Crosshill Capital" (9.92%), whose owner is Toms Kreicbergs, and SIA "IJ birojs" (4.1%), whose the sole owner is Jānis Buks.

This year, "Indexo" started a public offering of shares on the "Nasdaq Riga" exchange, and in the initial public offering, it attracted the planned 7.49 million euros.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Related articles


Most important