CORPORATE WEBSERVICE

Management Board of the Company has convened the Ordinary General Shareholders Meeting to be held on 7th May 2020 at 10:00 a.m. in Pila, at the Branch of the Company, dr Franciszka Witaszka 6 street. The Ordinary General Shareholders Meeting would consider resolutions regarding inter alia approval of the Annual Report of the Company for the year 2019, settlement of a stand-alone net loss for 2019, and, in accordance with Article 397 of the Code of Commercial Companies, decision regarding going concern of the Company. more >

The Act on Special Solutions Related to Prevention and Eradication of COVID-19, Other Contagious Diseases and Crisis Situations Caused by the Diseases (“the COVID-19 Act”) dated 31st March 2020 introduces inter alia radical cut in the cap on non-interest costs of consumer loans regulated in the Polish Consumer Loan Act. The Company assesses that such far-reaching limits on maximal non-interest costs of consumer loans do not allow the Company to continue lending – the credit action under the new regulations would not be profitable. more >

YOLO has expanded its product portfolio in order to meet expectations of its clients, who are interested in loans of higher amounts compared to our previous offer. YOLOcar is an instalment loan up to PLN 15 thousand, collateralised on client’s car, which is the main difference between YOLOcar and regular instalment loans offered by YOLO. In our opinion, such a collateral shall attract more conscious clients to our offer, resulting in lower default rates. more >

Yesterday, under the agreements signed with the bondholders holding 100% of G1 series bonds, the Management Board of YOLO S.A. adopted a resolution regarding amendment of Bond Issue Terms of G1 series bonds issued in March 2018. more >

In agreement with the bondholders, the Management Board of YOLO S.A. intends to extend the maturity of bonds G1 with a value of 2 million zlotych, issued in March 2018. more >