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Wednesday, 24.04.2024, 09:31
SEB Banka issues EUR 4.5 mln loan to Liepajas Energija power company
BC, Riga, 21.04.2020.
Print version
Print versionSEB Banka has issued a EUR 4.5 mln loan to Liepajas Energija municipal power company, SEB Banka informed.
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The bank said that an agreement on the loan has been signed
for refinancing the company's loan. SEB Banka has been selected in a closed
survey of prices.
The loan has been issued for a period of ten years.
Liepajas Energija board chairman Janis Jansons said that the
long-term loan will be used for several projects, including renovation of
infrastructure and refinancing of an existing loan.
Liepajas Energija in 2019 posted EUR 18.35 mln in turnover,
while the company's profit was EUR 4.46 mln.
Liepajas Energija was registered in 2005. The company
belongs to Latvenergo (51%), Liepaja city council (39%) and Energijas
Risinajumi (10%).
SEB Banka is the third largest bank in Latvia by
assets.
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