This month, we spoke with Viaconto.se’s Country Manager, Justas Lužeckas, to give you more insight into the relationship between VIAINVEST and its loan originators. Viaconto.se is a known name in the Swedish lending industry and a vital loan originator for VIAINVEST. As we dissect Viaconto.se’s path, its mode of operation, and its future goals, we discover insights that not only highlight the harmony between the two entities but also provide a larger perspective on Sweden’s loan ecosystem.
Hello, Investors and VIAINVEST community!
We would like to provide a brief update on an operational change affecting VIA SMS Group’s business in Poland. VIA SMS Group has decided to end its lending activities in Poland after careful consideration and strategic review.
Commentary from Wojciech Malek, country manager, VIA SMS PL
“We have been at the forefront of digital lending in Poland for over a decade, continuously adapting to evolving regulations and market changes. The changes implemented in December 2022 have led to a gradual decrease in our operations. Despite the significant reduction in provisions on loans issued to a level of 10% + 10% per year, we adapted effectively, adding Value Added Services (VAS) to maintain profitability. However, one amendment to the Consumer Credit Act, verified by multiple law firms, presented an impassable barrier.
We’re back with a quick recap of the most recent developments in October.
Quarterly statements on portfolio management
The quarterly statements on portfolio management are now available for download to investors who use Auto-invest. These reports provide a comprehensive overview of the management and performance of your investment portfolio over the specified period.