Danske Banka signs an agreement with JSC "Latvijas tilti" on provision of guarantees
Danske Banka has signed an agreement with JSC "Latvijas tilti" on a guarantee facility amounting to 8 million Euros for a period of five years.
Raivis Kakānis, Head of Danske Banka, says: "I am satisfied with the started cooperation and that we have been able to offer solutions in the field of financial services suitable to the business needs of JSC "Latvijas tilti". "Latvijas tilti" is a company, whose successful operations of international scale provide an important contribution for strengthening Latvia’s economy and increasing its export volumes."
The Chairman of Supervisory Board of JSC "Latvijas tilti" and the holding "LNK Group" Aleksandrs Milovs points out: "I am extremely pleased that the Holding Company LNK Group and its daughter company JSC "Latvijas tilti", in particular, has started strategic cooperation with one of the most distinguished banks in Europe – Danske Bank. We are convinced that the broad range of banking services, as well as the high service level will open up additional possibilities for efficient operation of our company."
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 15 countries; it serves more than 5 million retail customers and a significant number of institutional organizations. Approximately 21 500 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: A2 (Moody’s); A (S&P); A+ (Fitch);
Short-term: P-1(Moody’s); A-1 (S&P); F1 (Fitch).
About AS "Latvijas tilti":
Joint-Stock Company "Latvijas tilti" is one of the biggest building companies in Latvia. The company specializes in construction and reconstruction of bridges, overpasses and tunnels as well as sea berths and other coastal buildings. During 65 years of hard work we have built few thousand bridges and other hydroengineering buildings both in Latvia and abroad.
For further information:
Ieva Zauere
Head of Communications
Danske Banka
Tel.: +371 2 948 5726
E-mail: ieva.zauere@danskebanka.lv