Due to Danske Bank A/S’s decision to close its branches in Latvia and stop its activity on Latvian market, in order to refinance Company’s outstanding obligations, as well as to obtain additional funds for Company’s development, JSC “Rīgas elektromašīnbūves rūpnīca” signed a loan agreement with VTB Bank (Europe) SE (Rüsterstrasse 7-9, 60325 Frankfurt am Main, Germany), according to which Company was granted a loan of EUR 10,000,000 for time period of 5 years

TAMĀRA ROGOVA
 AS "Rīgas elektromašīnbūves rūpnīca"
 galv.juriste
 tālr. +371 61301847; +371 27001052
 E-mail: tamara.rogova@rer.lv