Group structure

Group companies

Euroloan Group totals nine companies including the parent company. Euroloan Group Plc owns the entire share capital of all eight subsidiaries either directly or indirectly as described in the figure below. Euroloan Group Plc is headquartered in Helsinki (Finland), and has offices in Stockholm (Sweden) Warsaw (Poland) and Luxembourg. The figure below describes all the Group companies by country.

Euroloan Group Companies in 2016

Markets & Business Environment

Euroloan was able to grow in all its markets, Finland, Sweden and Poland, and established support operations in Luxembourg.

FINLAND

Finland is the home country for Euroloan and it has operated there since 2008.

Finland’s population is around 5.5 million, with the majority concentrated in its southern regions. In terms of area, it is the eighth largest country in Europe and the most sparsely populated country in the European Union.

Finland has a highly industrialized mixed economy with a per capita output equal to that of other European economies such as France, Germany, Belgium or the UK. The largest sector of the economy is services at 66%, followed by manufacturing and refining at 31%. Primary production is 2.9%. –in the global economy, and international trade is a third of GDP. The European Union makes 60% of the total trade. The largest trade flows are with Germany, Russia, Sweden, United Kingdom, United States, Netherlands and China. Trade policy is managed by the European Union, where Finland has traditionally been among the free trade supporters. Finland is the only Nordic country to have joined the Eurozone.

The Finnish financial market has become more international during the past few years. Like many international markets, the Finnish market has also become more integrated as the operations of finance institutions and insurers have moved closer to each other and as new players have entered the market. The financial industry has indisputable significance to the Finnish society and economy. Effective financial and investment services oil the wheels of everyday life for all companies and consumers, and contribute to Finland’s competitiveness.

Visit our website at: www.euroloan.fi

SWEDEN

Being the neighboring country to Finland, Sweden and Finland have always had a special bond between them. With a long joint history and as Sweden being slightly bigger than Finland with a population of 9,6 million, it has always been an attractive market for Finnish companies.

The economy of Sweden is a developed export-oriented diverse economy aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment and steel.

Sweden is a highly competitive capitalist economy featuring a generous universal welfare state financed through relatively high income taxes that ensures that income is distributed across the entire society, a model sometimes called the Nordic model. Approximately 90% of all resources and companies are privately owned, with a minority of 5% owned by the state and another 5% operating as either consumer or producer cooperatives.

Sweden is the fourth-most competitive economy in the world, according to the World Economic Forum in its Global Competitiveness Report 2012–2013. Sweden is also ranked fourth in the IMD World Competitiveness Yearbook 2013.

Euroloan started its operations in Sweden in 2012 and started giving out loans in early 2013.

Visit our website at: www.euroloan.se

POLAND

Poland’s high-income economy is considered to be one of the healthiest of the post-Communist countries and is one of the fastest growing within the EU. Having a strong domestic market, low private debt, flexible currency, and not being dependent on a single export sector, Poland is the only European economy to have avoided the late-2000s recession. Since the fall of the communist government, Poland has pursued a policy of liberalizing the economy. It is an example of the transition from a centrally planned economy to a primarily market-based economy.

Euroloan has been in Poland from early 2013 and opened its service to the public in later 2013.

Visit our website at: www.euroloan.pl

LUXEMBOURG

Luxembourg boasts the highest per capita GDP in the world with banking being its largest sector.

The country’s financial sector is its main economic engine and continues to gain momentum, staying ahead of a changing regulatory environment and further positioning Luxembourg as a leading FinTech hub in Europe. As a globally recognised financial centre with international outreach, Luxembourg provides an attractive ecosystem not only for FinTech companies, but for business in general. 

Euroloan Group Plc established Euroloan SA in Luxembourg in 2015.