OREANDA-NEWS. JSC Capitalia unaudited consolidated accounts for 12 months of year 2014.

Company's turnover has grown by 130% and total asset size increased to EUR 1.4 millions. For the reporting period 153 businesses have been financed by Capitalia for the total amount of EUR 1.6 millions.

Unaudited consolidated data have been ammended in Latvian version to follow International accounting standards. Unaudited consolidated accounts for 12 months of year 2014 will be prepared in English until March 18, 2015.

In 2014 company finalized a number of reorganization processes in order to grow the equity capital of Capitalia, as well as changed the legal status of the company from limited liability to joint stock company. In the fall of 2014 Capitalia successfully placed bonds in NASDAQ Riga stock exchange, as well as started implementation of state microlending support program, administered by Latvian Guarantee agency. As of the end of 2014 the total amount of attracted subordinated capital from Latvian Guarantee agency has been in the amount of EUR 100 thousands. The above-mentioned state support program allows Capitalia to issue significantly cheaper loans to businesses.