Financial Services, Foodstuff, Good for Business, Latvia, Loan, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 22:26
Danske issues EUR 9.2 mln loan to Preilu siers
BC, Riga, 28.03.2014.Print version
Danske Bank has issued a EUR 9.2 million loan to Latvian cheese producer and exporter – joint-stock Preilu siers, informs LETA/Nozare.lv.
A portion of the loan will be used to re-finance current loan commitment, while approximately one-third will be used to add new products to the company's assortment and development, the company announced.
Preilu siers exports approximately 60% of the cheese products it produces. The company exports its products to over 40 countries. The company points out that quality remains its main priority.
In 2013, Preilu siers posted EUR 48.2 million in turnover, which was 27% more when compared to the previous year.
Last year, the company achieved EUR 1.95 million in profit.
Preilu siers was established in 1994, and is one of the largest employers in Latgale Province, employing approximately 280 persons.