PARROT Telpa invests EUR 250,000 in the development of the company

Signet Bank provides financing in the amount of EUR 250,000 to finance the working capital of the advertising agency PARROT Telpa.

PARROT Telpa is an advertising production company that offers full-cycle advertising services: design and idea development, selection of the most suitable solutions and materials, production, installation, disassembly, and warranty service.

The activity of our company in recent years has proved that we are professionals in our field, as evidenced by our client portfolio and implemented projects. As a brand, it is important for us at PARROT that we are known and associated with creativity, effective solutions, fast lead times and high quality – this is an integral part of the advertising industry if you want to be an industry leader. We are ready to implement the most incredible ideas and projects, and – most importantly – we do it with passion! The funds raised will be invested in the expansion of premises, purchase of new equipment and training of employees. These investments will allow us to work more efficiently and create more added value. We have set a goal to increase the company’s turnover by 35-40%.

Anete Jansone, Head and Board Member of the company PARROT

Like PARROT Telpa, we at Signet Bank also like challenges and the opportunity to find and offer innovative solutions for business financing. We are confident in the PARROT’s business strategy and happy to become the company’s financial partner on their way to achieving their goals.

Ineta Done, Senior Vice President at Signet Bank

Signet Bank was founded in 1991 and is one of the first banks of independent Latvia. The Bank’s strategy focuses on financing local entrepreneurs and their businesses, as well as on capital management. Since the beginning of 2021, Signet Bank has provided clients with financing in the form of loans and bonds worth almost 400 million euros. Signet Bank’s shareholders are nine Latvian and international private investors, the largest of which are Signet Acquisition III (25%), where the only shareholder is the US investor Alexander Solovey; AS RIT Group (19.50%) – a Latvian company owned by the Rapoport family, and SIA Reglink (15.93%), whose founder Irīna Pīgozne is a banking professional.