“Our core business in pension management has shown stable growth in the first quarter increasing assets under management from 585 million to 656 million euros, number of customers from 100 thousand to 106 thousand and compared to the first quarter of 2022 increased operating profit before client acquisition and investments from 310 to 382 thousand euros. Over the first three months of this year, INDEXO was still by far the fastest growing pension management company in Latvia adding 25 896 new clients over the last 12 months, compared to only 5 935 new clients added by the closest competitor. By the end of the first quarter, the INDEXO client number stood at 105 900 and the Assets under management were EUR 656 million.
The consolidated unaudited interim financial report for the first quarter of 2023 of the pension management company IPAS Indexo (hereinafter – INDEXO) shows, that by the end of March 2023 the company has increased its client number by 43% year-on-year and grown its Assets under management by 32% year-on-year. INDEXO shows strong Q1 results with new client number up by 43% year-on-year and steady progress on the new bank project
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