ID Finance Spain has closed the primary half of 2022 with a internet revenue of €5 million, which is a 25% enhance on a yearly foundation. General, MoneyMan’s lending exercise in Spain contributed to a €59 million income, a 57% enhance in comparison with the identical interval of 2021.
With an fairness to belongings ratio of 23%, the corporate holds a powerful and wholesome fairness place.
On this regard, in Could of this yr, Fitch Ranking improved IDF Spain’s outlook from destructive to secure and affirmed the score of the corporate’s non-guaranteed long-term debt -IDF Spain SAU 9,5% 20/23 Bond- listed on Frankfurt, at ‘B-‘ with a Restoration Ranking of ‘RR4’.
This sustainable place permits the corporate to have interaction new institutional buyers to help strategic initiatives and additional progress.