EQS-News 113 0 Kommentare Iute Group CEO Tarmo Sild approved as member of the Energbank Supervisory Board

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Iute Group CEO Tarmo Sild appointed to Energbank Supervisory Board.
Sild confirmed fit for bank's activities by National Bank of Moldova.
Iute Group aims to integrate Energbank and optimize management principles.

EQS-News: IuteCredit Finance S.à r.l. / Key word(s): Personnel
Iute Group CEO Tarmo Sild approved as member of the Energbank Supervisory Board

14.09.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Iute Group CEO Tarmo Sild approved as member of the Energbank Supervisory Board

Tallinn, Estonia, 14 September 2023. Iute Group, a leading European personal finance group, with Group CEO Tarmo Sild, appoints another Energbank Supervisory Board member. Before, the National Bank of Moldova had confirmed that Tarmo Sild is fit for the nature, scope, and complexity of the Bank's activities, as well as the tasks assigned to him, and is proper to ensure prudent and sound management of the Bank.

Tarmo Sild, CEO of Iute Group: “I am very pleased to join Energbank’s Supervisory Board, as this is another milestone for us in the bank’s transformation. We are working on a seamless integration of Energbank into the Iute Group. Our goal is to unleash the bank’s potential to contribute to the Group’s growth. We will optimize the management principles, empower the management team, and enhance customer-, technology- and data-centric aspects.”

Iute Group AS holds a 95% stake in Energbank S.A. and plans to acquire the largest possible stake in the bank by purchasing shares at market conditions.

Contact:

Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: investor@iutecredit.com
Phone: +372 622 9177

About Iute Group:

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bosnia and Herzegovina, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.

www.iutecredit.com

14.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	IuteCredit Finance S.à r.l.
	14, rue Edward Steichen
	2540 Luxembourg
	Luxemburg
ISIN:	XS2378483494
WKN:	A3KT6M
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1726365