The subsidiary companies of Aforti Holding S. A., the dominant entity of Capital Group listed on NewConnect market which renders services for MSE sector, presented their estimated operational and sales results for December 2017.
In the period, Aforti Finance issued loans worth PLN 3.3 million and the value of the applications filed reached PLN 25 million. In December, Aforti Collections dealt with debt recovery cases with the nominal value of PLN 126 thousand.
Aforti Exchange Sp. z o.o. had a turnover of EUR 13.45 million at the foreign exchange platform in Poland and EUR 1.41 million on the Romanian market, which is where Aforti Exchange Romania S.A. operates.
In 2017, on a cumulative basis, Aforti Finance S.A. issued 465 loans to small and medium-sized enterprises worth PLN 36.22 million in total. When compared to the preceding year, the value of the loan increased by over 867%, whereas the number of the loans issued grew by 347 %.
“The sector of loans for SMEs is continuously increasing, which may be observed, for instance, in the number of enquiries we receive from entrepreneurs searching for external financing. They need, above all, funds for the development and implementation of new projects which are supposed to boost the effectiveness and size of the business. To my mind, the sector will continue to grow as the banks set limitations for loans issued to SMEs and the lengthiness of the decision process, which results from, among other things, the necessity to acquire an excessive number of documents from the entrepreneur.”, says Klaudiusz Sytek, the President of the Management Board for Aforti Holding SA.
In 2017, there were 2317 applications filed for the total value of over PLN 191 million, which when compared to 2016 shows an increase by 302% and 709%, respectively. “We pursue safe risk assessment policy, we have implemented standards which are strictly observed when issuing loans. Time is of utmost importance for entrepreneurs and that is why we make sure they receive our decision as soon as possible. Additionally, we do our best to develop our offer on the basis of the feedback we receive from our Clients and the continuous monitoring of market trends”, Klaudiusz Sytek comments.
Aforti Exchange Sp. z o.o., operating an online foreign exchange platform for enterprises, may also boast of good results after the 12 months of 2017. In this period, the company recorded a turnover of over EUR 90.42 million on Polish market, which constitutes a 213% YOY increase. On the Romanian market, where Aforti Exchange Romania S.A. operates, the turnover at the platform reached over EUR 1.57 million. “It is more frequent now for Polish entrepreneurs to operate internationally and trade in the EU Member States as well as outside of the EU. Therefore, they need foreign currencies and search for attractive and safe foreign exchange options. Aforti created such a possibility and operates an online platform. First, we built the brand in Poland and now we entered Romanian market, where foreign exchange platform works very well. Soon, we will also operate on the Bulgarian market. Once Aforti builds a strong position in these two countries as it did in Poland, we will probably enter other foreign markets.”, says Klaudiusz Sytek, the President of the Management Board for Aforti Holding SA.
Aforti Collections S.A. is yet another Aforti Holding S.A. company, operating in the debt recovery sector and specialising in the management of liabilities. “Even though the end of the year was rather subdued, Aforti Collections, on a cumulative basis, recorded over PLN 23.3 million of the nominal value of the debt collection orders. Also the number of the debt collection cases increased significantly by over 87% YOY, whereas the number of agreements signed soared by 600%.”, says Klaudiusz Sytek and adds:
“We have initiated the re-development of our portfolio of receivables and we shifted the focus towards acquiring whole packages. The purchase offers we get undergo a more detailed verification so that we can choose those which may bring more profit and benefits not only to us, but also to our Clients. We prefer a smaller portfolio of receivables, but a one which brings profits from the commissions.”, explains the President of Aforti Holding S.A.