Signet Bank Group increases lending and capital market transactions volume in 2025, with profit increasing by 60%

In 2025, Signet Bank Group continued to strengthen its position as one of the leading financial services groups in Latvia, bringing together banking, investment management, fintech and specialized lending companies – Signet Bank, Signet Asset Management, Magnetiq Bank, Primero and AgroCredit. Last year, Group’s not only improved most of the financial ratios in all key areas, but also launched new investment product unique for the Baltic region – Signet Baltic Bond Fund.

In 2025, Signet Bank Group achieved a record volume of capital market transactions raising financing for Latvian companies, significantly strengthened its position in the corporate lending segment, and continued to develop investment solutions for clients with free investable capital.

“Over the past four years, Signet Bank Group has established a stable development trajectory – each following year brings even better financial results. This confirms sustainability of our business strategy and growing market confidence. The Group’s development is based on four complementary areas – investment banking, corporate lending, investment solutions, and serving needs of the fintech ecosystem. This approach allows us to build an integrated financial services platform and strengthen our position in the Latvian financial sector,”

says Roberts Idelsons, CEO of Signet Bank.

According to the consolidated audited annual report for 2025, the Group’s total operating income last year reached EUR 47 million, which is 20% more than in 2024, while the loan portfolio increased by 60% to EUR 335 million. The Group’s profit after tax in 2025 reached EUR 8.8 million, an increase of 60% compared to 2024.

Total assets under management and administration (AUMA) reached EUR 1.7 billion. The Group’s investment solutions – deposits, brokerage services, investment advice, discretionary portfolio management and funds managed by Signet Asset Management – showed steady growth. The Group continued to maintain a conservative balance sheet structure, with a capital adequacy ratio of 18% and a liquidity coverage ratio of 161%.

The Group’s main areas of activity – lending to Latvian companies and entrepreneurs and capital market transactions (bond and equity issues) – reached record levels in 2025. Corporate lending segment achieved particularly rapid growth, with its portfolio increasing by 114% over the year to reach EUR 161 million.

“Corporate lending is one of our main strategic growth areas. There is still significant growth potential in this segment in Latvia, and Signet Bank’s goal is to gradually increase its presence in this segment. In 2026, we plan to issue approximately EUR 200 million of new loans,”

emphasizes R. Idelsons.

By strategically facilitating development of the capital market in Latvia, Signet Bank has established a strong Investment Banking business franchise, which has become one of the foundations of the Group’s strategic development. The year 2025 was particularly significant in this area, with the Bank achieving its best results ever in terms of both the number and volume of transactions. During the year, 22 bond issues were arranged for the Group’s clients, raising EUR 359 million, which is 117% more than in 2024. These results confirm the growing importance of the capital market in the development of Latvian companies. The Bank continues to be a driving force in the development of the Latvian bond market – it is the leader in the secondary bond market in Latvia and, for the third year in a row, the leader in the Nasdaq Riga bond trading segment.

Signet Bank Group will continue to focus on stable organic growth. The bank will continue to focus on capital market transactions and corporate lending, expand investment products range, and grow volume of Signet Baltic Bond Fund and portfolios managed by Signet Asset Management.

Magnetiq Bank will continue to invest in process automation, develop automated lending solutions, and strengthen integration into the Latvian and European Union fintech ecosystem. Primero and AgroCredit, meanwhile, will continue to focus on development of loan portfolios in their specialized market segments.

“Our strategy is to build a diversified financial services group with several business lines. In 2026, we plan to significantly increase Group’s corporate lending portfolio and continue to strengthen Signet Bank’s leading position in Baltic capital market. I definitely see significant potential in Magnetiq Bank’s offering to European fintech companies. These complementary business areas form a solid foundation for the Group’s future development and long-term growth in Latvia,”

says R. Idelsons about future growth directions.

The Group continues to implement its sustainability strategy by consistently integrating sustainability principles into all business processes and promoting the availability of sustainable financial solutions. In 2025, Signet Banka implemented 33 financial literacy initiatives, involving and educating approximately 1,000 participants – entrepreneurs, investors, young people and the wider public. Among the most significant projects were the public education initiative “Capital Market Academy” and the creation of the first Latvian capital market activity barometer. As a socially responsible company, we continued to support cultural, sports, arts and educational initiatives.