Creditinfo Group has acquired full ownership of Latvian credit bureau, KIB Latvia
Move reinforces Creditinfo Group’s long-term investment in financial inclusion and market growth in Latvia.
London, 21st April 2026 — Creditinfo Group, a global leader in credit information and data-driven solutions, today announced that it has completed acquisition of full ownership of KIB Latvia (AS “Kredīt Informācijas Birojs”), following 13 years of successful partnership. The acquisition has increased Creditinfo Group’s stake from 51% to 100%.
This milestone strengthens Creditinfo Group’s strategic presence in Latvia and the wider Baltic region, enabling full operational control of the credit bureau and greater alignment with the company’s long-term regional growth objectives.
With full ownership of the Latvian credit bureau, Creditinfo Group will accelerate investment in the local market, driving the development of more advanced data solutions and expanding the scope of services available to financial institutions, businesses and consumers.
The investments will support the evolution of Latvia’s credit ecosystem, facilitating more robust data sharing, improved risk management capabilities, and the continued promotion of responsible lending practices across the market. As part of this, Creditinfo Group will introduce enhanced analytics, expanding digital capabilities, and new product offerings, including expansion into Business Information services, Fraud and Identity solutions, and a new generation of consumer-focused products designed to improve financial inclusion, transparency, and access to credit.
“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.”
Over the next few years, Creditinfo Group will continue to invest in technology, talent, and partnerships in Latvia, ensuring the credit bureau remains at the forefront of innovation while contributing to the stability and growth of the financial sector.
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About Creditinfo Group
Established in 1997 and headquartered in London, UK, Creditinfo is a provider of credit information and risk management solutions worldwide. As one of the fastest-growing companies in its field, Creditinfo facilitates access to finance, through intelligent information, software and decision analytics solutions.
With more than 30 credit bureaus running today, Creditinfo has the most considerable global presence in this field of credit risk management, with a significantly greater footprint than competitors. For decades it has provided business information, risk management and credit bureau solutions to some of the largest lenders, governments and central banks globally to increase financial inclusion and generate economic growth by allowing credit access for SMEs and individuals.
For more information, please visit www.creditinfo.com
Creditinfo Group becomes majority shareholder of Kredītinformācijas Birojs (KIB)
LONDON, UK, March 25th, 2021 – Today, Creditinfo Group – the leading global credit information and decision analytics provider – announced that is has increased its stake in JSC “Kredītinformācijas Birojs” (KIB) to 51%, becoming the majority shareholder.
Earlier this month, the US private equity fund Levine Leichtman Capital Partners (LLCP) became the majority shareholder of Creditinfo Group. As the result of that transaction, the share capital of the KIB joint stock company was increased, with ABLV Bank selling its shares.
The other shareholders of the company, including the leading Latvian commercial banks; AS Swedbank, AS SEB banka, AS Luminor Bank, and AS Citadele banka will remain unchanged and will continue to support KIB by serving on the Supervisory Board of the joint stock company.
Jānis Timmermanis, Chairman of the Board of KIB: “This investment is an important confirmation of the company’s potential to continue to grow despite being a relatively young entity and offer lenders throughout the Baltic region modern solutions with scoring and decision capabilities while also enabling prevention of money laundering.”
Brynja Baldursdóttir, Director of Global Markets Creditinfo Nordics: “This announcement marks a significant milestone for Creditinfo and consolidates our presence in the Baltics as a leader in providing Decision-as-a-service solutions – a key component of the Credit Bureau system. With international knowledge and local market support, Creditinfo solutions are setting a high bar wherever they are implemented.”
KIB was founded in May 2013 and is the first licensed credit information bureau in Latvia. KIB helps banks and financial institutions to manage credit risk and apply best practices in risk management and credit operations. Its activities in the field of data processing are licensed and supervised by the State Data Inspectorate.
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About Creditinfo
Founded in 1997 and headquartered in Reykjavik, Iceland, Creditinfo is a global provider of credit information and risk management solutions. As one of the fastest growing companies in its field, Creditinfo facilitates access to finance through intelligent information, software and analysis solutions.
With more than 33 credit bureaus today, Creditinfo has the largest presence in credit risk management worldwide, with significantly greater influence than competitors. For decades, it has provided business information, risk management and credit bureau solutions to major lenders, governments and central banks around the world to increase financial inclusion and create economic growth by giving SMEs and individuals access to credit.
Media Contact:
Matt Silver
Babel Agency for Creditinfo Group creditinfo@babelpr.com
+44 (0)7769 266 452
