At VIAINVEST, our goal is to keep our investors updated by regularly sharing insights from our loan originators. This Q1 2025 overview highlights key developments, including portfolio changes, recent strategic moves, and business updates, which reflect our platform’s ongoing progress and growth.
Latvia
From a sales perspective, Q1 2025 marked our strongest first quarter to date, with a total of EUR 13,622,073 issued, representing a 7.7% increase compared to Q1 2024. As expected, the results are lower than in Q4 2024, which is in line with the usual seasonal trend. However, we are entering Q2 with renewed momentum through new marketing initiatives while also preparing for the implementation of Directive (EU) 2023/2225 of the European Parliament and of the Council. This new regulation is expected to introduce updated requirements for the advertising and marketing of credit agreements.
On the project side, our primary focus, both now and in the coming two quarters, remains the development of a new Customer Relationship Management system. In parallel, we are continuously improving our Internal Control System to ensure greater efficiency and compliance.
| Metric | Q4 2024 | Q1 2025 |
| Net portfolio | 36 486 906 EUR | 37 459 913 EUR |
| NPL 90+ days | 69 696 EUR | 60 059 EUR |
| Loan volume | 14 248 873 EUR | 13 154 485 EUR |
Sweden
For VIACONTO, Q1 2025 showed notable growth in both the net portfolio and loan volume, reflecting a successful strategy for acquiring new customers. However, the increase in NPL 90+ days is due to a lower volume of claims sold in the quarter, which is expected in a seasonal context. VIACONTO will focus on refining our customer acquisition strategy and mitigating risks to ensure sustainable growth.
| Metric | Q4 2024 | Q1 2025 | |
| Net portfolio | 12 858 8800 EUR | 14 351 5500 EUR | |
| NPL 90+ days | 244 716 EUR | 354 800 EUR | |
| Loan volume | 7 622 213 EUR | 6 497 263 EUR | |
Romania
In Romania, Viaconto experienced a strong Q1 with a 19.4% increase in loan volume compared to Q4 2024. Despite the regulatory changes in December 2024, which caused a decrease in interest rates, Viaconto continues to perform well and remains optimistic about sustaining growth in loan volume and expanding the net portfolio throughout the year as it adapts to the new regulatory environment.
| Metric | Q4 2024 | Q1 2025 |
| Net portfolio | 927 755 EUR | 976 417 EUR |
| NPL 90+ days | 457 273 EUR | 475 839 EUR |
| Loan volume | 515 085 EUR | 615 168 EUR |
Czech Republic
These figures represent the performance of our lending company in the Czech Republic. While the results show a decrease in net portfolio, NPL 90+ days, and loan volume from Q4 2024 to Q1 2025, this period reflects a strategic focus on optimising operational costs and enhancing the customer journey. The company is actively integrating new customer information databases and is currently undergoing a system migration, which is scheduled for completion in Q2 of this year. Furthermore, there is ongoing preparation for launching a new product in the near future, which has been carefully tailored to meet market needs better following thorough industry analysis.
| Metric | Q4 2024 | Q1 2025 |
| Net portfolio | 2 443 240 EUR | 2 251 086 EUR |
| NPL 90+ days | 859 325 EUR | 815 702 EUR |
| Loan volume | 1 304 003 EUR | 915 802 EUR |
Disclaimer
1) This is marketing communication, not investment advice or investment research. Investments involve certain risks and costs. Legal information about SIA “Viainvest” and its services is available here: https://viainvest.com/en/company/legal/ . 2) This is a periodic fact sheet provided for informational purposes. Data sourced from our own internal records. Past performance is not a reliable indicator of future results.