OP Corporate Bank plc Latvia Branch extends cooperation with Latvijas Gāze AS by granting additional funding for the credit facility in the amount of 20 million euros.
“OP Corporate Bank plc Latvia Branch has achieved a significant role in the long-term development of the companies of the region during ten years of operation. We are satisfied that we have established stable and permanent cooperation during these years with a company as important for the Latvian economy as Latvijas Gāze, which is purposefully working in order to strengthen its position on the Latvian and Baltic market,” says Elmārs Prikšāns, the head of OP Corporate Bank plc Latvia Branch.
The funding is granted by increasing the available amount of the credit facility from 35 million to 55 million euros, on the basis of the contract signed in October 2017. Additional funding of the credit facility will increase the financial capacity and flexibility of Latvijas Gāze AS, as well as the possibility to actively participate in the trade of natural gas.