IuteCredit donated 100,000 euros to Ukraine

IuteCredit, leading European personal finance group donated 100,000 euros to the account of the Central Bank of Ukraine to support the Ukrainians’ fight for freedom.

According to Tarmo Sild, CEO of IuteCredit, the company does not have any business operations in Ukraine. But the border of freedom is in Ukraine and the values of Iute and its international team are fought within Ukraine by Ukrainians. “Iute as an international company started and has grown due to people’s freedom of thought, freedom of action and the rule of law. We started Iute with Allar Niinepuu in 2007 as visiting members of Estonian Prime Minister Ansip’s delegation to the Republic of Moldova. Citizens of one free country in another free country, 16 years after the collapse of Soviet Union and 87 years after our victory in the Estonian War of Independence. Freedom was the beginning of Iute.”

According to Sild, Iute made the monetary donation because money is Iute’s business and it was easiest to take it off the shelf. “However, the Ukrainians will know best how to use the money – whether to buy 1,000 helmets, a Javelin or to restore a building in the country after the victory. The first days of the war have shown the world that they need resources, as they will not lack courage and perseverance,” added Sild.

IuteCredit – formally established in 2008 – is a leading European personal finance company. The Group is specialized in consumer credits via its 100% subsidiaries using equity and loan capital. IuteCredit currently serves customers in Moldova, Albania, North Macedonia, Bosnia and Herzegovina, and Bulgaria.

The mission of IuteCredit is to create the extraordinary experience in personal finance by exceeding customer expectations.

This year, IuteCredit acquired a controlling stake in Energbank in Moldova, which is one step in Iute’s strategy to grow into an international financial group.