July 09, 2008. JSC „NORVIK BANKA” (hereinafter referred to as NORVIK BANKA) has concluded the contract for receiving a syndicated loan. Total amount of the syndicated loan comprises EUR 25 million (Initial amount EUR 15 000 000, over subscripted for EUR 10 000 000). The funds are allocated to the bank for 364 days, from the day the agreement is signed, the loan interest rate comprises 1,3%.
The mandated lead arrangers of the syndicated loan are BayernLB, HSH Nordbank and Standard Bank Plc. Agent of the loan is Standard Bank Plc.
Besides the institutions mentioned above, seven credit institutions more participated in the transaction: BOS Bank, FBN Bank (UK), Sparebanken Ost, Banque BIA, Hipoteku Banka, Israel Discount Bank of New York, SaarLB.

This is the fifth syndicated loan agreement concluded by NORVIK BANKA during the period of a last two years. The loan will be used for further strengthening of the Bank’s positions in Latvia as well as in the international financial markets.

NORVIK BANKA provides different financial services to individuals and legal entities. The bank has one of the widest client service centre network in Latvia. By the amount of assets, in the first quarter of year 2008 NOVIK BANKA is ranked number 10 among Latvian commercial banks

Financial Institutions department

JSC "NORVIK BANKA"

Tel +371 67011467