The year 2022 was characterised by the impact of  complex external factors on the  agricultural and financial sectors due  to the geopolitical situation. The prices of agricultural raw materials increased significantly, but there was also a significant increase in prices on the  grain and rapeseed exchanges, which allowed most farmers to achieve positive results during   the season at the end.  Taking into account the  decrease in  the availability of  credit funds and the increase in prices in the  market, the demand for financial services  offered by the Company increased. This allowed both the total  loan portfolio and the  total interest income to be increased.

Next year, AgroCredit Latvia plans further  growth in the range  of 15-20%.   Additional investments in IT are planned in order to increase operational efficiency and provide customers and partners  with more high-quality  and modern online services.

         Ģirts Vinters
         Chairman of the Board
         Phone +371 29445225
         girts.vinters@agrocredit.lv