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Aforti Exchange

Aforti Holding Group publishes its sales and operational performance data for October – Zloty 28 million loans granted and EUR 69 million turnover on the currency exchange platform since the beginning of the year

3 November 2017

Aforti Holding Group rendering financial services for the SME sector, published its performance data for October 2017. In the last month Aforti Finance issued 4.3 million-worth loans Zloty. The value of the loan applications filed reached 21.1 million Zloty. In October Aforti Exchange running a currency exchange platform recorded turnover of EUR 12.6 million. This figure constitutes an improvement by 115% when compared do April 2016. The nominal value of the collection orders recorded by Aforti Collections generated 0.3 mln. Zloty.

Aforti Finance, granting microloans to the SME sector, granted loans in October in total amount of 4.3 million Zloty, in comparison t0 194 400 Zloty in the analogous period of the previous year. Last month, the company accepted 240 loan applications for the total amount of 21.1 million Zloty - in October previous year 39 applications were submitted to the company for an amount of 1.3 million Zloty.

Continuous development in this business area results in a dynamic increase in the number and value of the submitted loan applications. Since the beginning of the year, the value of granted loans amounted to almost 28 million Zloty and the value of the submitted applications reached the level of 143,9 million Zloty.

Aforti Finance is dynamically developing and increasing its visibility – in the past month we started our first marketing network activities which complements the operations of our own branch network throughout Poland. As we see increasing interested in our financial products, we focus on selling and expanding our portfolio of products for companies – said Klaudiusz Sytek, Președinte Aforti Holding S.A.

Aforti Exchange, which provides its customers online currency exchange services, had a turnover in October of 12.6 million EUR and a significant increase compared to 2.9 million EUR in the same month last year. In the first ten months of 2017 total turnover was over 68.5 million EUR.

October was for Aforti Exchange an intense period of activity on the Romanian market: there were training sessions for the team on the mentioned market, since the beginning of November there are 5 Regional Sales Managers and one Country Manager. Intensive organizational work has not prevented us from achieving another record in terms of turneover on the currency exchange platform – says Klaudiusz Sytek.

Aforti Collections rendering comprehensive debt collection services reported 0.3 million Zloty in nominal value of the debt collection, compared to 1 million in the same period of the last year. The number of debt collection accepted orders reached 573. Since the beginning of the year, the value of orders reached 21.1 million Zloty.

Aforti Collections consistently implements a repayment plan from a purchased debt portfolio to maximize recovery. We are selectively dealing with new customers - we care about the highest possible quality of the wallets. In October we participated in several auctions, while the optimal from our point of view, price was lower and did not allow us to win - Klaudiusz Sytek.

In the second quarter of 2017, the financial group of Aforti Holding reported over 41.9 million Zloty of consolidated revenues. This is a result three times higher compared to the same period last year. The Group's consolidated net profit amounted to 424.1 thousand Zloty and was by 52.6% higher than in the corresponding months of 2016. In the past quarter the Group achieved operating profitability.

About Aforti Capital Group:

Aforti Holding is a financial Group dedicated to small and medium-sized enterprises as well as micro-businesses. It provides top quality comprehensive services in the scope of personal finances and managing enterprises’ finances. The services on Group’s offer are addressed to both individual clients as well as experienced investors and medium-sized firms searching for optimal forms of financing their businesses and development plans.

Aforti Holding S.A. serves as a holding company for two key entities which offer complementary services to clients with broad portfolio spectrum as well as for Aforti Ac Sp. z o. o. conducting bookkeeping and accounting activity for other entities of the Group. Additionally, it renders marketing, legal and IT services for the said companies. Since 2011 it has been listed on alternative trading system on the New Connect market.

Vigorously developing Aforti Finance S.A. offers micro-loans to entrepreneurs. Aforti Finance comprises highly experienced professionals who have worked with both individual clients as well as enterprises. They have specialist qualifications in the area of sales of financial instruments.

Aforti Exchange Sp. z o. o. is a company providing foreign exchange services via an online platform. The operator renders services of exchanging nine foreign currencies. Aforti Exchange uses the growing trend, which shows that entrepreneurs importing and exporting goods and services seek cost savings connected with transactions in foreign currencies. Internet foreign exchange, currency exchange online platforms – that is an alternative to bank platforms which influences cost rationalisation of transactions in foreign currencies.

Aforti Collections S.A. specialises in managing receivables with the use of a wide range of debt collection tools. Its core activity is the management of the receivables and debt collection, as well as acquiring and servicing debt portfolios. Aforti Collections offer includes such services as payment monitoring or amicable and judicial debt collection; it also purchases debt portfolios. The offer is addressed to the SME sector, entities rendering B2B services, banks and loan institutions, insurance agencies, as well as telecommunications operations, and internet service providers.