Creditinfo Group Acquires Full Ownership Of KIB Latvia Credit Bureau

This move strengthens Creditinfo’s strategic position in Latvia and the wider Baltic region giving the company full operational control of the credit bureau and enabling closer alignment with its long-term growth plans.

With complete ownership, Creditinfo Group plans to increase investment in the Latvian market and expand advanced data and credit solutions for financial institutions, businesses and consumers. The focus will be on enhancing data sharing, improving risk management, and supporting responsible lending.

The company also aims to develop new capabilities, including advanced analytics, expanded digital services, business information tools, fraud and identity solutions, and new consumer products to improve financial inclusion, transparency, and access to credit.

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Creditinfo Group will continue investing in technology, talent and partnerships in Latvia ensuring the credit bureau stays at the forefront of innovation while supporting the stability and growth of the financial sector.

“This acquisition reflects our long-term commitment to Latvia and our confidence in the market’s continued growth” said Satty Saha Group CEO at Creditinfo Group. “With experience across 30 regions worldwide and strong innovation capabilities we are well-positioned to deliver greater value to Latvia’s financial services ecosystem and support better-informed decision-making for businesses and consumers alike.”

Elari Tammenurm, Regional Director, Continental Europe at Creditinfo Group said: “We would like to extend our sincere thanks to our fellow shareholders Swedbank, SEB, Citadele, and Luminor for their constructive collaboration throughout the process. We also greatly appreciate the support of our advisors at COBALT in Estonia and Latvia. We’re excited about the future and expanding access to finance in the region.”

About Creditinfo Group

Creditinfo Group is a global leader in credit risk management, providing intelligent data, software and analytics to improve access to finance. Operating 33 credit bureaus worldwide it supports financial institutions across the customer lifecycle. The company focuses on long-term partnerships, innovation and serving both developed and emerging markets.