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Aforti Exchange

Aforti Holding Group presents its record performance for May and announces broadening Aforti Finance product offer

2 June 2017

Aforti Holding Group, which renders financial services for the SME sector, presented its operational and sales performance for May 2017. In the period, Aforti Finance could boast of a record result in respect of issued loans worth PLN 3.5 million, whereas the value of the loan applications filed reached PLN 15 million. In May, Aforti Exchange had a turnover of EUR 6.9 million at the foreign exchange platform. Aforti Collections dealt with debt recovery cases worth PLN 1.5 million.

In May Aforti Finance, which offers micro-loans for the small and medium-sized enterprises sector, issued loans in the total amount of nearly PLN 3.5 million, against PLN 60 thousand in May 2016, which was the initial period of the Company’s operations. This is a record result for the Company since its establishment. Aforti finance Was able to reach the result thanks to the development of its own branches network all over Poland. In May branches in Gdańsk and Olsztyn were opened. Currently there are already 6 branches of Aforti Finance. According to the monthly report, there were 188 loan applications filed for the total amount of PLN 15.22 million, which constitutes a six-fold and nine-fold growth when compared to May 2016.

“May was another good period in Aforti finance development. We continue to focus our energy on the development of the sales network. We are planning to be present in all capitals of voivodeships. We intend to open 20 branches by 2018. As a response to our Clients’ expectations, we are considering entering new areas such as vehicle financing, for instance.” Klaudiusz Sytek, the President of Aforti Holding S.A. says.

Aforti Exchange, which offers its Clients foreign exchange services via internet platform reached a total turnover of EUR 6.9 million in May. The result is four times the figure achieved in 2016. In the period January-May the total value of transactions amounted to EUR 27.41 million.

May saw also a change in the Management Board of the Company. Aleksandra Wodzisławska sat at the controls with her 15-year experience in banking and financial sector.

 “Our strategic goal is to reach 1 billion turnover at the platform by 2018. Taking into consideration the present dynamics of turnover increase at the platform and the experience of the newly-appointed President of the Management Board, the goal is absolutely within our reach.”, Klaudiusz Sytek says.

Aforti Collections, a debt recovery company, reported PLN 1.47 million in the nominal value of the orders under 355 agreements signed. Since the beginning of the year the value of the debt collection orders reached PLN 12.8 million.

“In May, Aforti Collections acquired orders worth nearly one and a half million zlotys. It is a very good result. After a minor slowdown in orders acquisition in the previous month, which was related to the satiation of our portfolio and full use of our processing capacity, the newly acquired orders complement our present portfolio.”, Klaudiusz Sytek emphasises.

Aforti Holding financial Group reported PLN 33 million of consolidated income in 1Q 2017. The figure is triple the amount reached in the analogous period in 2016. At the same time, the result is more than a half of sales income reported in the whole year 2016. Consolidated net profit of the Group amounted to PLN 374 thousand. The performance is a result of a soaring number of loans granted by Aforti Finance and increasing turnover reported at Aforti Exchange platform