The parent company of the VIAINVEST investment platform, VIA SMS Group, has released two sets of financial statements: Audited Consolidated and Separate Financial Statements for 2021 and Unaudited Consolidated and Separate Financial Statements for the year 2022.
By publishing these financial statements, VIA SMS Group maintains its commitment to transparency and accountability by informing investors and stakeholders about the company’s financial performance. The financial statements provide an overview of the financial position and performance of the entire group.
Read complete reports here: https://viasmsgroup.com/investor-relations
Did you know?
To ensure that investors have access to the latest and most relevant info, financial reports for all loan originators can be found in the respective Base Prospectus approved by Latvijas Banka, the central bank of Latvia: Disclosures | VIAINVEST
It means that investors can access information about each loan originator even if Audited Consolidated and Separate Financial Statements are not published on the Group’s website yet.
VIAINVEST investors have used to await and look into the parent company’s VIA SMS Group statements. However, as a regulated platform, VIAINVEST now has its own obligations. One of the essential obligations imposed is the requirement to publish financial statements on a regular basis. As a result, the VIAINVEST team will issue the platform’s audited annual financial statements this year and in the future. Investors will have access to the platform’s financial statements for 2022 in April 2023.
Let’s take a look at some recent developments.
Asset-backed security portfolio surpasses cessions
VIAINVEST is steadily converting its loan portfolio from cessions to asset-backed securities, and we have recently passed an important milestone. Our clients’ asset-backed securities portfolio has exceeded that of cessions, suggesting that cession investments are being steadily repaid.
We anticipate that this process will continue at a rapid pace, with loan portfolios originated in the Czech Republic, Romania and Poland being the first to be fully converted to asset-backed securities.
Continue reading VIANVEST platform updates: Asset-backed security portfolio exceeds cessions.
When asset-backed securities were first introduced, the standard withholding tax rate applied to all private investors was 20% (reduced with a tax certificate).
The Latvian fintech community, of which we are proud to be a part, worked diligently to pass new legislation, and as a result, EU residents will now be subject to a 5% withholding tax without the need to provide additional tax certificates, which will go into effect on January 1st, 2023. Continue reading Reduced 5% withholding tax rate for EU residents coming soon
After sweltering temperatures in Europe this summer and warm autumn, cooler temperatures are just around the corner. Meanwhile, as the Russian war in Ukraine drags on, a winter of another kind is quickly emerging in the European economy. While soaring inflation has become a common thread in the global economy, it has become especially burdensome for European countries, where an energy crisis of epic proportions has reared its head. With a recession a possibility before the year is over, Europeans are getting pushed to the brink. Continue reading How to Invest and Save in Midst of Economic Winter
The company SIA “Viainvest” has concluded an administrative agreement with the Financial and Capital Market Commission (FCMC) to extend the term for the fulfilment of obligations, as the company, on its own initiative, switched to operating in the regulated and safe market of financial instruments. Continue reading SIA “Viainvest” has concluded an administrative agreement with FCMC
Autumn is known as harvest season, and VIAINVEST offers to join in a particularly profitable investment experience. We appreciate your continued trust, confidence, and loyalty. We believe this is an excellent time for new investments, with interest rates on all newly issued asset-backed securities now reaching 13%. Continue reading VIAINVEST increases interest rates to 13%
Have you been trying to figure out how taxes are applied to investing? You’re not alone – we will allay your concerns by explaining and describing the taxation process below. Continue reading Everything you need to know about taxation
How does the maturity and repayment schedule of a single loan (cession) compare to asset-backed securities? This article will explain the lifecycle and benefits of asset-backed securities over single loans. Continue reading Maturity Term Of Single Loans Compared To Asset-Backed securities
We’d like to tell you about some exciting changes coming soon at VIAINVEST. After a long and thorough process, we are transitioning from claim rights to the new generation of investment products: asset-backed securities. While we are finalizing the last details, join us and take a look at what it can offer. Continue reading A More Secure, Balanced, and Convenient Way to Invest
Sky-high inflation has gripped the global economy and thrust saving money into the spotlight. Meanwhile, just as the pandemic is finally seemingly starting to wind down, the events in Eastern Europe have ratcheted up the uncertainty factor. The one-two punch of inflation and the potential for rising interest rates have exacerbated an already precarious situation. We thought now was a good time to explore ways to save money and potentially add additional revenue streams in 2022.
During the best of times, Europeans are disciplined savers and under sock away 12% of their earnings, according to the IMF. Between 2020 and 2021, at the height of the pandemic, the savings rate increased to nearly 19% as lockdowns and social distancing measures cut into spending. Put another way, during that time frame, Europeans are estimated to have saved close to $1 trillion more than they otherwise would have were it not for the restrictions, setting a new record as savings rose to the equivalent of 8% of the eurozone’s GDP. Continue reading Ways to Save & Make Money in 2022