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Aforti Holding continues increases in November. 33 million PLN of loans granted and EUR 77 million of turnover on the currency exchange platform from the beginning of the year.
The Aforti Holding Group, which provides financial services for the SME sector, presented operational-sales results for November 2017. The value of loans granted by Aforti Finance amounted to nearly PLN 5 million, and submitted applications are worth PLN 20.1 million. In November turnover of Aforti Exchange on the currency exchange platform amounted to EUR 8.5 million. The nominal value of debt collection orders recorded by Aforti Collections amounted to PLN 2.2 million.
Aforti Finance, which offers microloans for the SME sector, in November granted loans worth PLN 4.9 million PLN as compared to PLN 245.4 thousand in the same period of the last year. Last month, the company accepted 241 loan applications for the total amount of PLN 20.1 million – last November the company received 37 applications worth PLN 1.8 million.
The stable development in this business area results in a dynamic increase in quantities and values of submitted loan applications. From the beginning of the year the value of granted loans amounted to nearly PLN 33 million, and the value of submitted applications reached PLN 164.2 million
“Aforti Finance continued its dynamic growth. in November We consistently pursue our sales policy under which we focus mainly on corporate clients. The range of products designed for business is constantly extended, thanks to which a group of our potential customers increases. Our sales results are the best reflection of how effective our sales policy is” – says Klaudiusz Sytek, the President of Aforti Holding S.A.
Aforti Exchange, which provides currency exchange services via the online platform in November reached turnover worth EUR 8.5 million, which is a significant increase as compared to EUR 3.1 million in the same month of the last year. In eleven months of 2017 the cumulative turnover amounted to over EUR 77.0 million.
“In November we continued an intensive development of operations on the Romanian market. We were consistently implementing sales activities in Poland as well, thanks to which we managed to achieve more than 175% increase in the value of turnover on our platform as compared with November 2016” – says Klaudiusz Sytek.
Aforti Collections providing debt collection services recorded the nominal value of orders of PLN 2.2 million as compared to PLN 7.3 million in the same period of the last year. Number of received debt collection orders amounted to 351. From the beginning of the year the value of orders reached PLN 23.2 million.
“November was very intensive for Aforti Collections. We also purchased another portfolio of corporate liabilities and started to participate in tenders for purchase of subsequent portfolios. Of course, we regularly select offerings in which we participate, because we want our portfolios to be of the highest quality. Our goal is to obtain the possibly maximum recovery rate. We consistently implementing a plan of repayments from the purchased portfolio of liabilities. Considering that the scale of operations of Aforti Collections is constantly growing, we decided to begin expansion of the operations centre in Wrocław” – Klaudiusz Sytek.
Aforti Holding financial group published in November results for the third quarter of 2017. The group reported more than PLN 46.5 million of consolidated revenue. This is a result almost three times higher as compared to the same period of the last year. The consolidated net profit of the Group amounted to PLN 323.2 thousand and was by 68% higher than in the same months of 2016.
Aforti Holding finished the last month of the third quarter with strong operational-sales results
Aforti Holding, offering financial services for small and medium-sized businesses, published its operational and sales results for September 2016. The Group noted very good results regarding the value of the granted loans. In September alone, they reached 230 thousand Zlotys, which means that the result is higher by about 110% in comparison to the last year in the same time period. In this time the turnover on the currency exchange platform reached 2,68 million Euros and was higher by 110%.
Presented data relates to Aforti Finance S.A. and Aforti Exchange Sp. z o.o., which are included in Aforti Holding Corporate Group.
Aforti Finance S.A., which deals with microloans for small and medium-sized businesses in September 2016, gave loans for the total value of 230 thousand Zlotys – this result was better than the year before by about 110%. Since the beginning of the year the company gave loans for the total value of 2 262 thousand Zlotys which is a growth of about 96%. In September 2016 the value of the applications was comparable with the same period from the year before and reached 2 680 thousand Zlotys. Whereas the number of applications grew year over year by 5%.
“Another good month under our belt. We noted growth both in the amount of granted loans and filed applications in this period. The value of filed applications is also satisfactory. According to the new strategy, by the end of the year, we want to be in a particular place, that’s why we are concentrating on the intense growth of our loan-related business. We still have big potential to use in this area.” – said Klaudiusz Sytek, Board Chairman of Aforti Holding S.A.
Aforti Exchange, which provides currency exchange on the online platform, noted turnover of 2 18 thousand Euros in September 2016 – It was higher by 110% than the turnover in the same time period last year.
„Since the beginning of the year the value of the turnover reached nearly 19 mln Euros. This result is better by 42% in comparison to the same period in 2015. Aforti Exchange’s results reflect the clients’ increasing interest in our platform.” – stressed Klaudiusz Sytek.
Aforti Holding Group noted 23.83 mln Zlotys in the first half of 2016 consolidated sales revenue. In comparison to the same period in 2015 the result was better by 20%, when the consolidated sales revenue amounted to 19.89 mln Zlotys. By the end of June 2016 Group’s consolidated net profit was 332 thousand Zlotys.
About Aforti Corporate Group:
Aforti Holding is a Financial Group dedicated to small and medium-sized businesses , as well as micro companies. Aforti Holding provides The highest standards of congeneric Client service within the scope of private finance and company’s financial management. The services offered by the Group are directed towards the individual clients, experienced investors and medium-sized companies seeking optimal forms of financing their own activity and developmental programs.
Aforti Holding S.A. functions as a holding company for two key entities, which offer complimentary financial services for clients with wide portfolios and for Aforti Ac Sp. z.o. o. which offers a full range of accounting and payroll services for all entities within the group. It also provides marketing, legal and IT services for these Companies. Since 2011 the Company has been listed in the alternative exchange system on New Connect market.
Aforti Exchange Sp. z o.o. is a company providing currency exchange services via an online platform. The operator provides services consisting in exchanging nine currencies.
Aforti Exchange uses the developing trend – businessman, dealing with export and import of goods and services, are seeking savings connected with currency transactions. Online currency exchange and currency exchange platforms nowadays are the alternative to banking platforms – influencing the currency transaction cost rationalization.
Aforti Finance S.A. is a dynamically developing company offering micro-loans for businessman. Aforti Finance is created by professionals with years of experience in working with both individual clients and businesses. Aforti Finance’s staff have excellent expertise in the scope of financial products’ sales.
Aforti Holding forecasts growth through expansion on Polish and European markets
Aforti Holding S.A., one of Poland’s leading financial companies, which provides services for small and medium-sized entities, published its growth strategy for the Capital Group for 2016-2018. In that period it will significantly strengthen its position on the national market in the broadly-defined financial industry and will commence expansion onto European markets. One strategic goal is joining the ranks of companies listed on the main index of the Warsaw Stock Exchange. …
Aforti Holding Group presents impressive performance for June and establishes a company in Romania
Aforti Holding Group, which renders financial services for the SME sector, presented its operational and sales performance for June 2017. In the period, Aforti Finance presents consistent dynamic increase – loans issued in the period in question were worth PLN 3.4 million and the value of the applications filed reached PLN 15.3 million. In June, Aforti Exchange had a turnover of EUR 5.6 million at the foreign exchange platform. Aforti Collections dealt with debt recovery cases worth PLN 1.3 million.
In June Aforti Finance, which offers micro-loans for the small and medium-sized enterprises sector, issued loans in the total amount of over PLN 3.4 million, against PLN 487.8 thousand in June 2016. The Group owes a dynamic growth in this area of activity to persistent expansion of own network of branches all over Poland – currently there are 6 Aforti Finance branches. There were 190 applications filed in this period for the total amount of PLN 15.3 million, whereas in June 2016 there were 57 applications filed for the amount of PLN 2.5 million. The Group works on expanding its own branch network all over Poland. Since the beginning of the year the value of the loans granted has reached the amount of PLN 64.1 million.
“We are persistently developing in the sector of microloans for small enterprises – we are creating our competitive advantages and strengthening our position thanks to the development of our own network of branches. We have devised operation strategy which allows us to multiply the value of loans granted in YOY perspective.”, as Klaudiusz Sytek, the President of Aforti Holding S.A. puts it.
Aforti Exchange running an online foreign exchange platform reported EUR 5.6 million turnover in June, which means it nearly tripled when compared to the same month last year. In 1H 2017 the total turnover amounted to EUR 33.5.
“In June we registered a subsidiary company, Aforti Exchange, in Bucharest. Launching operations on a new market is a part of the strategy which assumes expansion of the Company to European markets. Aforti is working on expanding its currency pairs and introducing new services and products.” Klaudiusz Sytek emphasises.
Aforti Collections rendering debt collection services has contracted to deal with 416 debt collection cases worth PLN 1.3 million. Since the beginning of the year, the value of debt collection cases reached PLN 14.1 million.
“Aforti Collections reported firm performance both in relation to the nominal value of the cases as well as to their number. We spent the first months of company’s operation to actively search for orders, which surely builds our position on the market. Recently we have been working on creating sales team and June was the first month, in which Aforti Collections sales team operated in full force. Currently we are focusing on realisation of the orders and stable development in this business area.”, says Klaudiusz Sytek
Aforti Holding financial Group reported PLN 33 million of consolidated income in 1Q 2017. The figure is triple the amount reached in the same period in 2016. Consolidated net profit of the Group amounted to PLN 374 thousand. The performance is a result of soaring number of loans granted by Aforti Finance and increasing turnover reported at Aforti Exchange platform.
Aforti Holding Group publishes its sales and operational performance data for April and commences building Aforti Collections sales network
Warsaw, 5th May 2017
Dynamically developing Aforti Holding Group rendering financial services for the SME sector, published its performance data for April 2017. In this period Aforti Finance issued PLN 2.4 million-worth loans. The value of the loan applications filed reached PLN 10.9 million. Aforti Exchange running a foreign exchange platform recorded turnover of EUR 4.9 million. This figure constitutes an improvement by 115% when compared do April 2016. Aforti Collections generated PLN 76.3 thousand-worth debt collection services and initiated the process of building its sales network.
In April Aforti Finance, granting microloans to the SME sector, granted loans in the total amount of PLN 2.4 million, which is eight times the amount reached in the analogous period in 2016. In accordance with the report published, the company accepted 144 loan applications with the total value of PLN 10.9 million, which is a 213% and 490% increase respectively.
The value of the loan applications filed remains at a high level which is a consequence of a continuously expanding sales network in Poland. For that reason Aforti Finance is capable of granting more and more loans with an acceptably low risk level. Klaudiusz Sytek, the President of Aforti Holding S.A., said.
Aforti Exchange, operating a foreign exchange internet platform, recorded the total turnover of EUR 4.9 million in April, which is twice the turnover reached in April 2016. After four months the aggregate value of transactions amounted to over EUR 20.5 million.
In the forthcoming period we intend to improve our services. It should translate into further growth of monthly turnover amounts. If the tendency is maintained, we are likely to achieve performance comparable with the performance reached during the entire last year in the first half of 2017 only – Kaludiusz Sytek says.
Aforti Collections rendering comprehensive debt collection services reported PLN 76.27 in the nominal value of the debt collection cases with 77 agreements concluded. Currently the Company focuses on recovering debts it has acquired so far. The Company informed as well that it starts developing its own sales network.
At present, the portfolio of orders we hold is adequate to our capacity. Aforti Collections is a company developing at an incredible pace and in order to meet its requirements we started building its own sales network. At the beginning, there are going to be four regional directors whose task will be to develop client portfolio in their regions – Klaudiusz Sytek emphasised.
Aforti Holding finance Group reported over PLN 62 million of consolidated revenue in 4Q 2016. This figure constitutes a growth of over 43% when compared to the analogous period in 2015. The net profit of the Group in the period reported increased by 20% reaching PLN 648 thousand. At the end of the period the Group’s assets amounted to PLN 34.51 million i.e. they nearly doubled when compared to the end of 2015. The significant performance improvement stems from the consistent implementation of the development strategy for the years 2016-2018.
About Aforti Capital Group:
Aforti Holding is a financial Group dedicated to small and medium-sized enterprises as well as micro-businesses. It provides top quality comprehensive services in the scope of personal finances and managing enterprises’ finances. The services on Group’s offer are addressed to both individual clients as well as experienced investors and medium-sized firms searching for optimal forms of financing their businesses and development plans.
Aforti Holding S.A. serves as a holding company for two key entities which offer complementary services to clients with broad portfolio spectrum as well as for Aforti Ac Sp. z o. o. conducting bookkeeping and accounting activity for other entities of the Group. Additionally, it renders marketing, legal and IT services for the said companies. Since 2011 it has been listed on alternative trading system on the New Connect market.
Vigorously developing Aforti Finance S.A. offers micro-loans to entrepreneurs. Aforti Finance comprises highly experienced professionals who have worked with both individual clients as well as enterprises. They have specialist qualifications in the area of sales of financial instruments.
Aforti Exchange Sp. z o. o. is a company providing foreign exchange services via an online platform. The operator renders services of exchanging nine foreign currencies. Aforti Exchange uses the growing trend, which shows that entrepreneurs importing and exporting goods and services seek cost savings connected with transactions in foreign currencies. Internet foreign exchange, currency exchange online platforms – that is an alternative to bank platforms which influences cost rationalisation of transactions in foreign currencies.
Aforti Collections S.A. specialises in managing receivables with the use of a wide range of debt collection tools. Its core activity is the management of the receivables and debt collection, as well as acquiring and servicing debt portfolios. Aforti Collections offer includes such services as payment monitoring or amicable and judicial debt collection; it also purchases debt portfolios. The offer is addressed to the SME sector, entities rendering B2B services, banks and loan institutions, insurance agencies, as well as telecommunications operations, and internet service providers.