| Emitents | Latvijas Hipotēku un zemes banka, VAS |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2011-03-16 14:37:00 |
| Versijas komentārs | |
| Teksts |
On the 16th of March 2011, using its own
funds, the Mortgage Bank made a full repayment of the syndicated
loans amounting to 55.5 mln euros which were granted by
Raiffeisen Bank International AG and Sumitomo Mitsui Banking
Corporation. Having repaid these loans the Mortgage Bank has
discharged all of its obligations towards foreign syndicated
lenders.
By implementing a balanced financial policy the Mortgage
Bank has accumulated funds for premature repayment of the
syndicated loans.
Rolands Paņko – the Board
Chairman of the Mortgage Bank: “We have
accumulated funds for repayment of the syndicated loans retaining a
liquidity ratio that considerably exceeds the statutory minimum. We
are pleased that during the last two years when the global economy
was pressed by financial crisis the bank was able to repay, without
support from the state, all syndicated loans taken from foreign
banks exceeding 480 mln euros. At the same time the bank continued
financing of the Latvian companies within the framework of state
aid programmes.”
The Mortgage Bank was established in 1993. The
priorities of the Mortgage Bank are support to small and medium
enterprises and promotion of economic activity in all regions of
Latvia. The Mortgage Bank offers loans within the state aid target
programmes for various needs of entrepreneurs like business
investments, working capital loans and business start-up
loans.
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