Business lending

Rietumu Bank finances projects of legal persons in Latvia and abroad.

A loan can be secured by liquid commercial real estate in the Baltic States, Ireland, the United Kingdom and other EU countries. The possibility to consider certain collateral is evaluated individually for each project separately.

Loan Receipt and Redemption

A classical loan is issued in full amount or by parts, in accordance with the project implementation schedule. The redemption takes place in accordance with the previously agreed schedule of payments.

A credit line is intended for increasing current capital within the framework of the granted limit; funds are received and reimbursed as and when required.

Consideration of an application: up to two weeks from the moment of provision of a full set of documents.

Main Terms and Conditions:

• Type: loan or credit line
• Amount: from EUR 2 Million
• Interest rate: as agreed by the parties
• Term: up to 5 years
• Repayment schedule: up to 15 years
• LTV: up to 70% of the fair value of the collateral
• Currency: EUR

Collateral:

• Commercial real estate in the Baltics, Ireland, Great Britain, other EU countries.
• Shares and assets of companies, personal and corporate guarantees.

Additional Conditions:

• Experience in the credited business area: minimum 3 years
• Availability of cash flow which is sufficient for paying the interest rate and the principal amount.
• Stable financial performance
• Registration and insurance of collateral

Issues about granting a loan and its conditions are considered by the Credit Committee of the Bank.

A loan is granted after the signing of the loan agreement, other documents and fulfilling all necessary conditions.

Applications for the financing of projects with signs of speculative transactions are not considered.