Equals Group says it has no exposure to Silicon Valley Bank
Equals Group plc (LON:EQLS), a fintech payments group focused on the SME marketplace, today issued a statement following the US Government’s decision not to bail out SVB.
Equals Group confirms that it has no exposure to the bank.
The full statement by Equals Group can be read below:
“Further to recent media commentary on the collapse of Silicon Valley Bank, the Group has received a number of inbound investor enquiries pertaining to the Group’s exposure to this situation. Equals Group plc (AIM:EQLS), the fast-growing payments group focused on the SME marketplace, would like to clarify to its shareholders and other stakeholders that the Group has no direct or indirect exposure to Silicon Valley Bank either as a borrower or a depositor.
The Group will be issuing its final results for the year ended 31 December 2022 on Monday, 27 March 2023 as well as an update on trading in Q1-23 and looks forward to updating the market then”.