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Aforti Exchange

Aforti Holding presents its performance in March and plans to start its operation in the leasing sector

4 April 2017

Aforti Holding Group, which renders financial services for the SME sector, presented its operational and sales performance for March 2017. In the period, Aforti Finance issued loans worth PLN 1.6 million and the value of the applications filed reached PLN 11.5 million. Aforti Exchange recorded a turnover of EUR 5.4 million at the foreign exchange platform, which constitutes a 130% increase when compared to the analogous period last year. Aforti Collections dealt with debt recovery cases worth PLN 4.5 million. Moreover, Aforti Holding informed on the commencement of negotiations related to the taking over of an entity operating in the leasing and vehicle financing sector.

In March, Aforti Finance, which offers micro-loans for the small and medium-sized enterprises sector, issued loans in the total amount of over PLN 1.6 million, which is a 160% more than in March 2016. There were 191 applications filed in this period for the total amount of PLN 11.54 million, whereas in March 2016 the figures were two and three times lower.

“The value of loans issued is satisfactory a the result is comparable to the previous month. What is worth emphasising is the rocketing value of the applications filed. It proves a significant interest in our products. The value of applications filed in the last three months hit a new high reaching the sum achieved throughout 2016.”, Klaudiusz Sytek, the President of Aforti Holding S.A. says.

Aforti Exchange running an online foreign exchange platform reported EUR 5.4 million turnover in March, which shows a 130% increase when compared to the same month last year. In 1Q the total value of transactions concluded amounted to EUR 15.6 million, which is more than a half of the performance for the whole 2016.

Aforti Collections rendering debt collection services has doubled the value of debt collection cases. The reported result reached PLN 4.5 million and there were over 5 thousand debt collection orders placed. The figure rose by 141% in comparison to the previous month.

“Our foreign exchange platform develops in an impressively dynamic manner. Still, the figures are far from the targets we set in our strategy. That is why we need to concentrate on further growth of recognisability among potential clients and cross-selling seems to be the answer.” , Klaudiusz Sytek says.

The Management Board of Aforti Holding announced that the Company commenced negotiations related to taking over of an entity operating in the leasing and vehicle financing sector. Klaudiusz Sytek, the President of Aforti Holding stresses that it is the next step of implementing the development strategy for the years 2016-2018:

“We wish our financial services portfolio was comprehensive. Entering the leasing and vehicle financing segment will allow us to diversify the business and offer a wide range of financial products for our existing and potential Clients. Acquisition of an entity from that sector constitutes a part of our strategy which is consistently being implemented.”, Klaudiusz Sytek emphasised.

In the last few weeks, Aforti Holding Finance Group presented its results for 4Q 2016. The figures reported proved a fast development of the Group and consistent implementation of the strategy adopted. Consolidated income after 4Q reached over PLN 62 million, which is an increase by 43% when compared to the analogous period in 2015. In the period reported, the Group’s net profit rose by 20% and reached the amount of PLN 648 thousand. At the end of the period the Group’s assets were worth PLN 34.51 million, which means they nearly doubled when compared to the end of 2015. The significant growth is a result of consistent implementation of the strategy of the years 2016-2018.