CreditAmanet holding becomes a joint-stock company

Deniza Cristian 15/11/2022 | 12:33

The current pawnbroking market leader in Bucharest, CreditAmanet is taking significant steps in business development. The Romanian holding company with almost 15 years of experience on the market is changing its legal form, becoming a joint-stock company. This process involves all of the group’s business lines – pawnbroking, currency exchange and movable assets trade – operating within DIGITAL SALE SRL and EUROCREDIT EXCHANGE SRL.


With over 25 years of entrepreneurial experience, Claudiu Diaconu, the founder of CreditAmanet, becomes the Chairman of the company’s Board of Directors. Cosmin Popovici, the current CEO, and Valentin Petcu, the company’s COO, will also be members of the Board. Moreover, Mihai Chișu, a professional with over 20 years of experience in local and international capital markets, and Vlad Porumb, PhD in Economics and professor at University of Manchester Business School, specialising in credit markets, auditing and sustainability reporting, as independent board members.

“The process of transformation into a joint-stock company was dynamic for the entire CreditAmanet team, who nonetheless overcame many challenges and quickly learned the new structure”, says Cosmin Popovici, the company’s CEO. “The whole process felt like we graduated, in record time, both Law school and Tax consulting courses. Looking back, it seems quite funny now, but considering the huge workload and the intensity of the project, the whole CreditAmanet team deserves to be congratulated for the results we achieved”, the company’s CEO added.

The main purpose of changing the legal form is developing efficient and objective governance for the company, which facilitates further capital raise and achievement of the objectives included in the business plan. Speeding up the process of business digitization, doubling the revenues in the next two years and expansion into international markets are some of CreditAmanet’s goals in the near future.

“The company has now reached a maturity where changing the legal form to a joint-stock company is the natural step. We have been active on the market for almost 15 years and we have proven our accountability, resilience and business consistency in a transparent way. In recent years, we have achieved record revenues, and this success is due to our entire team. It’s the result of the way we choose to take responsibility for our actions and adhere to ethical standards. We aim for sustainable development through strong corporate governance, and we are convinced that CreditAmanet is already a very attractive company for investors”, CreditAmanet CEO explains.

At the moment, the company’s shareholding is 150 million units. The majority stake of 87.2% is owned by the Diaconu family, through DIAMOND CAPITAL HOLDING. The company’s vice-president and COO, Valentin Petcu, holds 8.5% units and Cosmin Popovici, CEO of CreditAmanet, holds 4.3%.

“In the company’s development plan, we have also included employees minority stock options”, says Cosmin Popovici.

The company has reported record revenues over the past two years, with a 37% increase in turnover and a 33% increase in profit in S1 2022 as compared to S1 2021.

In a market growing 25% annually, CreditAmanet, the market leader in Bucharest and the second player at national level, offers the most varied portfolio of products and services and operates mainly in shopping centres, with 24 of the 25 nationwide agencies.

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