IuteCredit acquires 10% of the capital of Energbank
Acquisition of a qualifying participation approved by the Central Bank of Moldova

Tallinn, Estonia, January 12, 2022. IuteCredit Europe (“ICE”), one of the leading European retail finance groups, acquired on the stock market the first stake of 9.976% of the shares of Moldovan Energbank, corresponding to 199,519 shares, for a total purchase price of 1.7 million euros. The acquisition by IuteCredit of a qualified majority in the share capital of BC Energbank SA has been approved by the Central Bank of the Republic of Moldova. The acquisition of banks is part of IuteCredit’s strategic plans.

BC Energbank SA has been operating in the financial market of the Republic of Moldova for 25 years, becoming one of the renowned mid-sized financial institutions in the country during this period, with total assets of LEI 2.96 billion (147 million euros) as of November 30, 2021.

Contact:

Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: [email protected]
Telephone: +372 622 9177

About IuteCredit:

IuteCredit – established in 2008 – is one of the leading European personal finance companies. The Group specializes in consumer credit through its subsidiaries, which are 100% equity and borrowed capital. IuteCredit currently serves clients in Moldova, Albania, North Macedonia and Bulgaria as well as in Bosnia and Herzegovina.

IuteCredit’s credit products are unsecured consumer loans with maturities between 1 month and 48 months and auto guaranteed loans with maturities of up to 72 months. IuteCredit operates its own ATM network which is used with a smartphone app.

IuteCredit’s mission is to create an extraordinary personal finance experience by exceeding client expectations.

www.iutecredit.com