NEWS

A selection of important Mogo milestones and releases.

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Mogo Finance reports Unaudited results for the nine months ended 30 September 2019

Increase in issuances continue to drive strong results OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased strongly by 40.2% equaling EUR 132.6 million (9M 2018:  EUR 94.6 million), of which EUR 76.3 million in mature markets (9M 2018: EUR 69.1 million) Number of active customers in mid-tier markets up significantly by approx. 100.0% to over […]

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Mogo Finance reports unaudited results for the six month ended 30 June 2019

Investments in growth pay off as profitability OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased strongly by 30.3% equaling EUR 83.4 million (6M 2018: EUR 64.0 million), of which EUR 48.8 million in mature markets (6M 2018: EUR 48.3 million) Consolidated number of active customers up significantly by approx. 53.8% to over 100,000 (31 December 2018: approx. 65,000) Mid-tier countries Moldova and Romania, as well as […]

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Changes in AS “mogo” Board of Directors

AS “mogo” informs that as of August 13, 2019, Juris Pārups current Chairman of the Board of AS “mogo” has stepped down from his position. Considering the above, the AS “mogo” Board of Directors currently consists of one member – AS “mogo” CEO Krišjānis Znotiņš. About AS “mogo” AS “mogo” offers classical finance lease, lends […]

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Credit line granted to AS “mogo”

On 2nd August 2019 AS “Citadele banka” granted to AS “mogo” the credit line in the amount of EUR 3 million for refinancing of existing indebtedness. Maturity of agreement – July 2021. About AS “mogo” AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and […]

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Mogo Finance: Initial Fitch Rating B- (stable outlook)

Riga, Latvia, 23 July 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, have received a B- (Stable Outlook) Long-Term Issuer Default Rating (IDR) from Fitch Ratings (Fitch) and a Senior Secured Debt Rating assigned B- for its 9.50% corporate bond 2018/2022 (XS1831877755). In line with the recent uplisting to […]

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AS “mogo” consolidated annual report for the year ended 31 December 2018

AS “mogo” and its subsidiaries concluded 2018 with 46% increase in turnover In 2018 the turnover of AS “mogo” and its subsidiaries reached nearly 19 million euros, which is 46% turnover, compared to 2017. Thanks to increasing interest of the customers in possibility to get loan for the purchase of a used car, 2018 was […]

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Mogo Finance reports unaudited results for the three months ended 31 March 2019

Increase in profitability with continued strong performance OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased by 17.0% equalling EUR 37.8 million (3M 2018: EUR 32.2 million), of which EUR 24.3 million in mature markets (3M 2018: EUR 24.1 million) Consolidated number of active customers up significantly by approx. 30.8% to over 85,000 (31 December 2018: […]

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Mogo Finance: Publication of audited FY2018 annual accounts until mid of May 2019

Riga, Latvia, 26 April 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, expects a delay in the publication of the audited FY 2018 results until mid of May 2019 instead of as planned at the end of April 2019 due to additional technical and organizational efforts related to the […]

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Voting results of the noteholders on amendments to the Notes Prospectus (ISIN: LV0000801363)

AS “mogo” hereby informs that as a result of the voting the noteholders have accepted the amendments to the Notes Prospectus of AS “mogo” (ISIN: LV0000801363) dated 13 October 2014, and the amendments to the prospectus have entered into force on the date of publication of this announcement. Announcement of voting results of the noteholders and approved amendments to […]