Banks, Financial Services, Good for Business, Latvia, Lithuania, Markets and Companies

According to the Director of Finance of AB Linas Agro Group, Tomas Tumenas, SIA Linas Agro is one of the biggest grain sourcing and agricultural inputs supply companies on Latvia. The company has been operating in Latvia since 2003 and expanding activities to that extent that the appropriate financing of current assets is required for further business development. The 30-million euro loan provided by two banks would allow the Latvian company to successfully achieve the plans for 2014/2015 financial year and enlarge its market share in the trade of grain and oilseeds, mineral fertilisers, plant protection products and crop seeds in Latvia.

Grain and oilseed sourcing company SIA Linas Agro belongs to AB Linas Agro Group, which is an agribusiness parent company engaged in the production and trade of grains, oilseeds, feedstuff, poultry and poultry products, also agricultural inputs. Currently AB Linas Agro Group incorporates 35 companies located in Lithuania, Latvia, Estonia and Denmark, the total headcount of the Group exceeds 2,260 employees.