The loan maturity ranges between 8 and 48 weeks, the cost is between 1.2 to 2.5% a week.
Vasilev also said: “The stock exchange listing is a long process and if the situation on the market is favorable we will file an IPO by the end of the year.”
“At the moment we are working on our expansion. We will start operation in Ukraine by June or July this year,” Vasilev adeed.
The company is growing by 300-400% each year and this pace is expected to stay stable in the next 2-3 years.
Revenues soared 342% last year to 7.065 mln leva (3.61 mln euros), while net profit is up 9 times y/y to 1.68 mln leva (approx. 858,970 euros).
Return on capital last year stood at 96%, compared with 28% in 2006.