4finance Subsidiary Faces Polish Sanction

4finance Holding S.A., a major player in digital consumer lending, reports that its Latvian subsidiary is now on a Polish national sanction list, effective from December 13, 2024. The group attributes this to outdated information on shareholders and unfounded speculations regarding Russian influence.

The company clarifies that it does not operate in Poland, and this sanction does not impact its business operations across Europe, Asia, and the Americas. CEO Kieran Donnelly emphasized that none of 4finance's shareholders are under sanctions and reiterated that their business does not support the Russian economy.

4finance is keen to engage in discussions with Polish authorities, though such opportunities have not yet been realized. The company remains compliant with EU public disclosure requirements as it operates with an EU banking license and listed bonds.