21 April 2021
Aventus Group companies achieved record results in Q1 2021
PeerBerry business partners, that all together operate under the Aventus Group name, in Q1 2021 achieved record-high results.
At the end of March 2021, Aventus Group’s total loan portfolio amounted to EUR 102,83 million – 70% more than at the end of Q1 2020, when the total loan portfolio amounted to EUR 60,60 million. At the end of March 2021, Aventus Group’s debt to PeerBerry was EUR 33,38 million, which is only 32% of the total Group’s loan portfolio.
The equity of the Aventus Group companies more than doubled per one year. At the end of March 2021, Aventus Group’s equity amounted to EUR 39,19 million. At the end of Q1 2020, the Group’s equity was EUR 18,69 million.
The interest income of the Group companies grew by 33% and at the end of March 2021 amounted to EUR 31,34 million. At the end of Q1 2020, the Group’s interest income amounted to EUR 23,61 million.
The number of employees in Aventus Group companies has more than doubled in one year. Currently, the Group employs more than 1 300 professionals in different locations.
“While successfully increasing the efficiency in the lending business we operate many years, we continue to work towards diversifying the business of the group companies through other business areas. We see the world changing rapidly, so I believe that even greater business diversification can bring even more sustainability to the entire group’s business” – says Andrejus Trofimovas, CEO of Aventus Group.
“Currently, we focus on expanding our business in those markets where we are active already. We are also working on new markets such as Kenya, India, and Romania. We see a big potential in the real estate development sector where Aventus Group is rapidly strengthening its position. We are also exploring new opportunities in the trade factoring, and payment services industries” – what are the main business directions shares A. Trofimovas.
Aventus Group’s growth during the cooperation with PeerBerry years 2018-2020/Q1 2021