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NordCard is a Latvian fintech company that offers credit limit on a bank account and on a debit card to its clients. One of the most popular loan originators on iuvo shares information about their results in 2023.
NordCard continues their positive trend of growth, which shows in their constantly growing sales revenue. Compared to 2022, the sales revenue has grown with 12.92% in 2023. The positive trend continues in Q1 of 2024 as well.
In 2023, the company takes additional measures for the improvement of scoring for lending new loans and the improvement of loan collection.
The effect of the actions taken is visible in the improved financial results. The realized profitability of sales in 2023 is 7% compared to 5% in 2022.
Net annual profit of NordCard for 2023 is 83 934 EUR, which is 49.16% growth compared to the net profit for 2022.
The current liquidity ratio has also increased and it is 6.13 at 31.12.2023.
See the audited financial report of NordCard for 2023 HERE.
You still have the chance to take advantage of the promo loans of NordCard with 10% interest и significantly shorter period than the standard one for the loans of the company – 12 months!
NordCard loans have score class A and B and come with 30-day buyback of principal and interest by the originator.
Hurry up and invest now!
