Creamfinance management is pleased to announce that 2021 has been a record-setting year for the company, as the Creamfinance Group finished the year with EUR 3.4m net profit, the highest in Group history. In addition, the company continues to improve on its results during Q1 2022.


Although annual revenue has slightly decreased by 9% in 2021 compared to 2020 (totalling 45.4M EUR in 2021), the Groups increase in profitability can be attributed to the further improved efficiency of operations and risk measurement following the first year of the COVID-19 pandemic.

Credit issuance also recovered in 2021 with 23% higher volumes being issued in December 2021 compared to December 2020 and total principal issued in 2021 amounting to as high as 161M EUR. This led to net loan portfolio growth by 16.2% compared to 2020, reaching 35M EUR by the end of 2021.

The Equity-to-Assets ratio has further strengthened, reaching 22.1% (4.5%p increase compared to 2020). The strong performance of the Group has continued in Q1 of 2022, with the quarterly net profit reaching EUR 1.3m.


Since the start of the war, CreamFinance has not encountered any disruption in its business, however, theGroup continues to monitor the situation on a daily basis, analyses the potential impact on its operations, and prepares and executes plans accordingly.