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Aforti Exchange

Aforti Group Holding continues the increases in operational results and salesin February

3 March 2017

Aforti Holding Group, providing financial services for small and medium-sized enterprises, published a report with the operational and sales results for February. Reported data indicate continued rapid growth of the Group. Aforti Finance, the company providing lending services, during this period granted loans totaling more than 1.6 million PLN.

Aforti Exchange once again recorded a sharp rise in the value of trading on the platform of exchange compared to the corresponding month of the previous year. While Aforti Collections reported a nearly 1.7 million PLN of nominal value of orders recovery.

In the second month of the year Aforti Finance offering micro-loans to the SME sector recorded a further increase in sales. In February, 2017. The Company granted loans totaling more than 1.6 million PLN. The value of applications submitted for the same period amounted to 6.4 million PLN. Relative to the same period in 2016. This is up five-fold increase.

"The improvement is a result of higher operational readiness of our four branches Aforti Finance. This translates into better results in terms of loans. In the coming months we expect to at least maintain the current results, and further growth in the longer term. We will consider taking steps towards a more dynamic development of the branch network of its own. "- Said Klaudius Sytek, the President of Aforti Holding SA

Aforti Exchange offering exchange services via the Internet platform recorded more than 4 million euro turnover in February 2017. This is over three times more than in the same period of 2016. In the whole of 2016 the value of trading on the platform amounted to 28.9 million euros, while after the first two months of this year, this figure amounted to over 10.2 million.

"After two months we have developed through the exchange platform more than 1/3 of the turnover of the whole 2016. Due to the fact that the exchange rates favored our customers in January, many of them made the necessary completion of the transaction in the first month of 2017. The results recorded in February are lower than in January, and we expect that turnover will grow gradually, especially since February, although it is shorter, was better than December - a record month in 2016. "- says Klaudiusz Sytek.

Aforti Collections operating in recovery recorded a decline in the value of recovery orders in relation to January. In February this value amounted to approximately 1.7 million PLN. Compared to the previous month, this means a decrease of 66 percent.

"The company is now focusing on the recovery of receivables, that means the company operates for the purpose which it was created. Due to the very good results in acquiring orders in the preceding months, the current result is good and it complements our portfolio of orders. We have to look before we leap. "- Stressed Klaudiusz Sytek.

In recent weeks, Aforti Holding, the financial group, announced results for the fourth quarter of 2016. Reported data confirmed the rapid development of the group and consistent implementation of the strategy. Consolidated revenue in the fourth quarter amounted to more than 62 million PLN. This represents over 43 percent. increase compared to the same period in 2015. In the reporting period, the Group's net profit grew by 20 per cent. to the amount of 648 thousand. PLN. At the end of the period the Group's assets amounted to 34.51 million PLN, which have nearly doubled compared with the end of 2015. Significant improvement in performance is a result of the consistently implemented strategy for the years 2016-2018.