Overdraft enables your company to overdraw the current account up to the agreed limit. Interest is calculated on the outstanding credit, limit fee is calculated on the unused part of the credit limit.

OP Corporate Bank plc offers:

• Overdraft enables your company to overdraw the current account up to the agreed credit limit and within the agreed maturity. Concluding overdraft agreement a customer shall pay to the Bank one time arrangement fee according to the Price List. Interest is calculated on the outstanding credit, commitment fee is calculated on the unused part of the credit limit.

  Overdraft is available in EUR.

• Intraday overdraft enables your company to use the agreed credit limit within a banking day. The used credit amount must be repaid by the end of the same day. Intraday overdraft can be used for example when incoming payments are expected to arrive later on during the day, but outgoing payments should be made earlier.

  Concluding intraday overdraft agreement a customer shall pay to the Bank one time arrangement fee according to the Price List. Only annual fee is calculated on the credit limit, no interest on the used credit is payable.

  Intraday overdraft is available in EUR.

Possible terms:

• repayment term up to 1 year;
• overdraft is available in EUR;
• maximum overdraft limit up to 80% of the company’s average monthly turnover;
• sound credit record of the company and owners.

Forms of collateral:

• mortgage over the real estate owned by the borrower or third parties;
• commercial pledge over the assets owned by the borrower;
• sureties of private individuals and other companies;
• other forms of collateral are also accepted, being assessed per project;
• LGA guarantee;
• RDF guarantee.

For additional information, please contact the Bank by telephone: +371 67777007 on working days from 9.00 to 17.00.

Investment credit is a long-term credit for companies, tailored for the acquisition (and repair) of plants, transportation vehicles, real estate, as well as for launching new business projects.

Possible terms:

• minimum financing is  EUR 5 000 000;
• repayment schedule is up to 10 years (120 months);
• repayment schedule consistent with the business plan;
• loan can be received as a lump sum (for example property acquisition) or in parts (for example the financing of construction works);
• periods of grace up to 24 months (as a rule, till the object is put into operation);
• maximum credit comprises 60-70% of total project costs (depending on project);
• sound credit record of the company and owners.

Forms of collateral:

• mortgage over the real estate owned by the borrower or third parties;
• commercial pledge over the assets owned by the borrower;
• sureties of private individuals and other companies;
• other forms of collateral are also accepted, being assessed on per  project;
• LGA (Latvian Guarantee Agency) guarantee;
• RDF (Rural Development Fund) guarantee.

For additional information, please contact the Bank by telephone: +371 67777007 on working days from 9.00 to 17.00

Corporate current assets financing credit is a tool for the short-term increase of the volume of current assets in the case of seasonal necessity or a separate project.

Possible terms:

• minimum financing is  EUR 5 000 000;
• repayment schedule is up to 1 years (12 months);
• repayment schedule consistent with the business plan;
• loan can be received as a lump sum or in parts;
• fixed or floating interest rate, determined according to the financial standing of the company, risk level of a particular project, form of collateral, and other factors;
• sound credit record of the company and owners.

Forms of collateral:

• mortgage over the real estate owned by the borrower or third parties;
• commercial pledge over the assets owned by the borrower;
• sureties of private individuals and other companies;
• other forms of collateral are also accepted, being assessed per project;
• LGA guarantee;
• RDF guarantee.

For additional information, please contact the Bank by telephone: +371 67777007 on working days from 9.00 to 17.00

Investment credit with the co-financing of EU Structural Funds is a long-term loan suitable for companies that have successfully attracted the financing of EU Structural Funds for the development of entrepreneurial activities.

Possible terms:

• repayment term:
  • in the case of plant acquisition – up to 7 years;
  • in the case of the reconstruction/construction of production buildings - up to 10 years;
  • in the case of the reconstruction/construction of public infrastructure - up to 15 years;
  • for other projects – up to 7 years;
• minimum financing is  EUR 1 000 000;
• the loan can be received as a lump sum or in parts;
• periods of grace up to 2 years.

Forms of collateral:

• mortgage over the real estate owned by the borrower or third parties;
• commercial pledge over the assets owned by the borrower;
• sureties of private individuals and other companies;
• other forms of collateral are also accepted, being assessed per project;
• LGA guarantee;
• RDF guarantee.