Lattelecom signs credit facility agreement with Danske Banka
Lattelecom signs credit facility agreements with Danske Banka and Swedbank
Lattelecom, the largest provider of electronic services in Latvia this week has signed an agreement with Danske Banka about 20 million euro credit facility for the time period of next two years, whereas with Swedbank – for 10 million lats for time period of one year.
"Lattelecom has set as a strategic target for the nearest years to become the best client servicing company in Latvia, and in long-term we plan investments in several important projects in order to achieve this aim. Concluded agreements on receipt of credit facilities will allow Lattelecom to continue develop also such significant services of national importance as construction of optical network infrastructure within the whole territory of Latvia," indicated Gints Bukovskis, the Chief Financial Manager of Lattelecom.
Business Banking Director of Danske Banka Ivars Ērkšķis is satisfied with commenced cooperation: "We are proud that Danske Banka is one of the banks chosen in the tender for ensuring financing for Lattelecom. Successful development of Lattelecom evidences that economic recession period is in fact a time of opportunities. Company’s reputation, stable financial indicators and high quality services are the three whales, why we are proud to be connected with the name of this company."
The Member of the Management Board and Head of Company Servicing Desk of Swedbank Daniils Ruļovs also emphasizes that Lattelecom’s activities clearly show focused movement towards development and the company invests to insure that.
"Biggest achievement for the bank is the client’s success and complex, diverse cooperation with the client is the best basis in order to achieve this aim,” says Daniils Ruļovs. „Cooperation of Swedbank and Lattelecom continues already for almost 15 years. Companies are partners also in many important initiatives – for example, this year in the Project Breakthrough (Izrāviens) competitiveness of exporting Latvian companies is mutually encouraged," D.Rulovs continues.
About Lattelecom
Lattelecom is the leading electronic service provider in Latvia, which offers integrated electronic communications and IT services, provides telecommunication, network planning and construction services. Lattelecom ensures also data transmission and IT infrastructure solutions, internet and contact centre services, as well as business processes outsourcing. Lattelecom group consists of five companies: Lattelecom, Lattelecom Technology, Lattelecom BPO, Citrus Solutions and Baltijas Datoru Akadēmija.
About Danske Banka
Danske Banka is the Danske Bank Group’s unit in Latvia. Danske Bank Group is the largest bank in Denmark and one of the Northern Europe’s leading financial institutions. The Group is widely represented in 14 countries; it serves more than 5 million retail customers and a significant number of institutional organizations. Approximately 22 100 bank’s employees are taking care about the daily needs and comfort of its customers.
The aim of the Danske Banka is to become the best local partner of its customers in financial issues. High quality service and individual approach towards each customer needs characterizes the Bank’s activities.
Danske Bank Group’s current ratings:
Long-term: AA3 (Moody’s); A (S&P); A+ (Fitch);
Short-term: P-1(Moody’s); A-1 (S&P); F1 (Fitch).
About Swedbank
Swedbank’s aim is to be a servicing leader in financial sector and to ease our clients’ daily routine, to provide high quality financial advice, as well as to ensure tools and knowledge in finance area. Swedbank group has 9,4 million retail clients and 540 000 corporate clients. Swedbank is founded in 1820, when the first savings bank in Sweden was established. Preserving our heritage we are really a bank for everyone and still strive to give our input in sustainable development of society and environment.
For additional information:
Līga Bite
Lattelecom Public Relations Project Manager
T. +371 67055740, +371 29109944
e-mail: liga.bite@lattelecom.lv
www.lattelecom.lv
www.piesledzieslatvija.lv
Ieva Zauere
Danske Banka’s Head of Communications
Phone: 67959599, 29485726
ieva.zauere@danskebanka.lv
www.danskebanka.lv
Kristīne Jakubovska
Swedbank’s Press secretary in Latvia
Tel. 67444560, Mob. 29128208
E-mail: kristine.jakubovska@swedbank.lv
www.swedbank.lv