Sofia Commerce-Pawn Brokerage JSC

Sofia Commerce-Pawn Brokerage JSC

BBSEBG:SCOM
2.48
EUR
+0.06
(+2.48%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Petar Videnov Videnov
Full Time Employees
127
Sector
Finance
Industry
Finance/Rental/Leasing
Address
Sofia Bulgaria
IPO Date
May 21, 2007
Website
sofcom.bg
Business
Sofia Commerce-Pawn Brokerage JSC is a Bulgaria-based non-banking financial institution that operates the largest chain of pawnshops in Bulgaria, providing collateralized micro-financing and asset-backed short-term consumer credit. Founded in 1993 and headquartered in Sofia, Bulgaria, the company maintains an extensive nationwide footprint comprising over 125 physical branch locations across major cities and regional municipalities. Sofia Commerce-Pawn Brokerage JSC delivers a comprehensive portfolio of credit and commercial solutions, offering short-term cash micro-loans secured by movable collateral, with gold jewelry, investment gold, fine metals, and precious stones representing the primary pledge base; asset-backed consumer loans secured by electronics, telecommunications devices, IT equipment, home appliances, and technical apparatus; pawn lending secured by motor vehicles; retail purchasing, professional valuation, assaying, and trading of scrap gold, silver, and precious metals; resale and commercial liquidation of unredeemed collateral and second-hand merchandise across its store network; and specialized non-bank mortgage lending and asset leasing services delivered through its publicly traded subsidiary, IpoTech Sofcom AD. In recent corporate developments, Sofia Commerce-Pawn Brokerage JSC secured regulatory approval for a prospectus to issue a 2.5 million euro seven-year corporate bond bearing an 8.0 percent fixed annual coupon on the regulated market of the Bulgarian Stock Exchange, strengthening its liquidity base and capital structure to support loan book expansion. Furthermore, the company completed the structural reorganization and separate listing of its mortgage lending subsidiary, IpoTech Sofcom AD, on the Bulgarian Stock Exchange to diversify into real estate-backed credit services, alongside implementing operational optimizations across its retail network and executing regular dividend distributions from retained earnings.