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“In 2021 we have seen a tremendous result, achieving significant growth in our loan portfolio with increased focus on SME segment, where Solva grew its loan book nearly three-folds. We aim to continue serving SMEs, where we see a growing market and high level of social impact generated by Solva.
The loan quality remains high, evidenced by a decrease in NPL levels across the lending book, demonstrating Solva’s strong risk-management practices. We also keep developing our credit intelligence platform and digital edge, which helps to analyze and estimate credit risk, and positions Solva as the leading fintech lender in the region.
Solva also demonstrated the ability to raise funding to fuel portfolio growth via diversified channels, tapping into both retail and institutional investor base. The Company solidified its position as a regular and trusted bond issuer on local exchanges with 2 new issues in 2021, where we have seen a higher portion of institutional demand due to assigned S&P Global Ratings agency international credit rating on the level of B/stable.
Solva’s outstanding performance is also a testament to strong management and operational team, which drives innovation and development within the Company, and keeps implementing best global fintech practices and ethical approach in Kazakhstan’s market, so that Solva remains the flagship digital lender in the region.”
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