At VIAINVEST, we regularly share updates from our loan originators to help investors stay informed. This Q3 2026 overview covers key developments across their markets, from portfolio growth and lending activity to portfolio quality and operational initiatives.

Latvia

The VIA SMS Latvia net loan portfolio decreased by 1.5% to €49.6 million in Q3 2026, while loan issuance declined by 12.5% to €15.5 million compared with Q2. Lending activity was affected by a temporary adjustment to underwriting criteria in August, which reduced approval rates and issuance volumes. The adjustment was subsequently reversed, restoring the previous underwriting parameters.

Loans overdue by more than 90 days decreased by 2.1% to €78.3 thousand, remaining low relative to the total portfolio.

In Q4, planned marketing campaigns will focus on supporting loan issuance and strengthening brand recognition and trust. The new CRM system is also expected to launch during the quarter, enabling more targeted customer communication and supporting retention and repeat lending.

Czech Republic

The ViaSMS Czechia loan portfolio continued to grow in Q3 2026. The net portfolio increased by 12.3% quarter-on-quarter, from €4.6 million to €5.2 million, while loan volume rose by 7.6% to €2.2 million, reflecting continued business expansion.

Loans overdue by more than 90 days increased by 20.7%, from €1.7 million to €2.0 million. During the quarter, the CNCB (NRKI) credit register was implemented, and its results are currently being evaluated to identify opportunities to improve risk assessment and strengthen credit quality.

In Q4, the focus will remain on sustainable portfolio growth, improving credit quality and collection performance, and preparing for the implementation of the upcoming legislative amendment. Continued enhancements to risk management and a disciplined approach to lending will be essential to support sustainable business development and mitigate future default risk.

Sweden

In Q3 2026, the net portfolio decreased by 2.2% to €17.0 million, while loan volume increased by 2.4% to €6.2 million compared with Q2. Loans overdue by more than 90 days rose from €1.2 million to €2.4 million, mainly due to a change in the classification of overdue loans in line with Credit Market Company requirements, rather than a deterioration in underlying credit performance.

During the quarter, the focus was on improving credit quality, strengthening internal controls and preparing the business for sustainable growth. A third-party debt collection programme was launched, and following the submission of the application to become a Credit Market Company, preparations continued to meet the associated regulatory and operational requirements.

In Q4, most of the NPL 90+ portfolio is planned to be sold. A new agreement to increase the maximum capacity of the forward flow arrangement is also expected, supporting the regular sale of overdue loans going forward.

Romania

The Romanian loan portfolio continued to grow in Q3 2026. The net portfolio increased by 12.1% quarter-on-quarter, from €0.37 million to €0.41 million, while loan volume rose by 28.8% to €0.37 million, reflecting growth momentum.

Loans overdue by more than 90 days increased by 6.2%, from €1.16 million to €1.23 million.

In Q4, the focus will be on improving portfolio quality and ensuring sustainable growth. This includes maintaining a disciplined approach to lending, strengthening risk assessment and enhancing collection performance, so that portfolio expansion is supported by solid credit quality.