About the bank Investor Relations

Loans

Business lending in Baltics

In addition to other lending purposes, Rietumu offers its customers financing for business development in Latvia and the Baltic states.

Lending takes the form of both a line of credit – to enhance the company’s cash flow and turnover and a standard loan – for the company’s asset investment or implementation of new construction, development, production and other projects.

The review of an application takes up to two weeks upon submission of a complete package of documents.

Regions: Latvia, the Baltic states
Loan type: loan/line of credit
Period: up to 10 years
Amount: from EUR 0.2 million
Interest rate: as agreed upon by the parties
Currency: USD, EUR

Collateral:

  • Commercial real estate in Latvia, Lithuania, Estonia
  • The company’s equipment, merchandise inventory, accounts receivable etc.
  • The loan amount may reach 70% of the fair market value of the pledge

Additional collateral:

  • Shares and assets of companies, personal and corporate securities

Additional terms:

  • At least 3 years work in the business sector where lending is sought
  • The company’s positive equity and profitability
  • Availability of a cash flow sufficient to pay interest and principal
  • Registration and insurance of pledges

Loan accommodation and its terms are considered by the Bank’s Loan Committee. A loan is accommodated only after the loan agreement and other documents have been signed and all prerequisites have been met. The Bank does not consider applications for financing of the projects that show speculative transactions.
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