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's activity report 2022

Evergreen Capital, a financial institution established in 2013, has been a significant player in the Estonian business landscape, providing business loans to legally registered entities in Estonia. Over the years, the company has demonstrated a consistent growth trajectory, and the financial year under review was no exception. The company earned a total interest and other income amounting to 743,481 euros, marking an increase from the previous reporting period. The financial year concluded with a profit of 205,000 euros, further solidifying the company's financial standing.

The year 2022 will forever be remembered for the term 'cluster crisis'. The year began in the spirit of the COVID-19 crisis and the subsequent recovery efforts. However, by the end of February, the situation took a swift turn towards a military crisis following Russia's invasion of Ukraine. This was followed by an energy crisis that threw into disarray the plans of individuals and businesses alike. The second half of the year saw us operating in one of the highest inflation environments in the history of the re-established Republic of Estonia.

Understandably, this situation dealt a significant blow to many households and, of course, the business environment as a whole. The main Estonian export partners were also under pressure, and the outlook for global economic climate improvement was, at best, unclear. Despite these challenging circumstances, we at Evergreen Capital OÜ are largely satisfied with our performance and results. The key to achieving acceptable results was our carefully selected client portfolio from previous years. What comes next? Those who answered this question in detail in their company's previous activity report and made plans can now look in the mirror and draw appropriate conclusions. Evergreen Capital focuses on identifying and implementing good and relevant general principles in its operations, regardless of the climate we see outside our window. Good customers, suitable loan relationships, and a flexible approach are the keywords to follow.

Kristjan Tolmats, a board member of Evergreen Capital, has been instrumental in steering the company through these challenging times. His leadership and strategic vision have been pivotal in ensuring the company's resilience and adaptability in the face of unprecedented challenges. As we move forward, we remain committed to our core principles and continue to strive for excellence in our service delivery.