OREANDA-NEWS. April 23, 2009. Baltic International Bank signed bilateral agreement of cooperation with the Latvian Guarantee Agency (LGA) which provides the Bank with additional possibilities for new business support and guaranteeing credits for business development, reported the press-centre of Baltic International Bank.
 
By entering into the agreement, the Bank confirms that it is going to finance innovative and promising business projects, taking into account current changes in economic and business environment.
 
Latvian Guarantee Agency offers the clients of Baltic International Bank guarantees of different types of financing. The guarantee provided is a type collateral from Latvian Guarantee Agency to the Bank in case of non-fulfillment of liabilities by businessman.
 
“In my turn, I would like to confirm that the Bank is ready to contribute to various progressive business projects’ development, which in long-term prospective will facilitate stability and improvement of different organizational principles of the modern society”, said the Chairperson of the Board Ilona Gulchak.
 
Latvian Guarantee Agency is the government organization, the main objective of which is ensuring the availability of business financing in situations when businessmen’ guarantee is insufficient for attraction of financing in the correspondent sphere.