TGS Baltic has advised TKM Finants on its successful application for a creditor's activity license from the Estonian Financial Supervision Authority for providing consumer credit services.
TKM Finants is a subsidiary of the Nasdaq-listed Tallinna Kaubamaja Grupp. According to the firm, Tallinna Kaubamaja is the largest trade group in Estonia and includes, among others: the Kaubamaja shopping center, Selver, ILU, Viking Motors, KIA Auto, and Viking Security.
The activity license enables TKM Finants to offer its customers credit products they can use to purchase goods and services offered by other TKM group companies. Starting in October, owners of the partner card can apply for installment payments at checkout when shopping at Kaubamaja.
The TGS Baltic team included Partner Kirsti Pent, Senior Associates Elina Varendi, Mari Anne Rohtla, and Olger Kaelep, and Associate Maria Suurna.
