10 August Bank news

AS “Reģionālā investīciju banka” issued a loan of EUR 1.7M

AS “Reģionālā investīciju banka” (RIB) issued a loan of EUR 1.7M to the traumatology, orthopaedics, spine surgery and rheumatology clinic SIA “Orto klīnika”.
The loan was issued for refinancing current liabilities.
“This refinancing transaction will enhance our bank’s position in the Latvian and Baltic corporate lending market”, Armands Kokainis, Head of the RIB Corporate Service Department, points out.
Last year, RIB had implemented the transformation of its business model in accordance with the Bank Development Strategy 2019-2022, which stipulates shifting the focus from the universal bank’s activity to lending and provision of financial services to Latvian small and medium enterprises.
The bank closed the first half of 2020 with the profit of EUR 731K.