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 “Kredītinformācijas 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.NoYesInfrastructure22 Apr, 2026