OREANDA-NEWS. On May 15, 2009 AS “Latvijas Krajbanka” (hereinafter referred to as – Latvijas Krajbanka) repaid the syndicated loan in the amount of EUR 15 million (LVL 10,54 million), reported the press-centre of Latvijas Krajbanka.

The contract on receiving of syndicated loan was signed last year in May. The loan was granted for 364 days from the day the contract was signed. The loan interest rate comprised 1,2% + 3 M EURIBOR. The mandated lead arranger and agent of the syndicated loan was Bayerische Landesbank, Germany. In total five credit institutions participated in the transaction: Bayerische Landesbank, Raiffeisen Zentralbank Osterreich Aktiengesellschaft, AS "Parex banka", Salzburger Landes - Hypothekenbank AG and VAS "Latvijas Hipoteku un zemes banka". This was the first syndicated loan transaction of Latvijas Krajbanka and it was successful and beneficial for all transaction parties. 

Latvijas Krajbanka provides different financial services to individuals and legal entities, and it has the widest client service centre network in Latvia. Latvijas Krajbanka ranks the first place among Latvian commercial banks in terms of client service centre number and the third place in terms of number of ATMs – at present there are 194 ATMs and 122 client service centre, 41 of which are the mini banks.