Signet Bank will invest up to EUR 5 million in small and medium-sized business loans on the Capitalia platform

Signet Bank, Latvia’s leading investment bank, is launching cooperation with Capitalia, Latvia’s largest licensed collective finance provider, becoming an investor in Capitalia’s collective finance platform. Signet Bank will finance loans that suit the bank’s preferred risk profile alongside other investors on the Capitalia platform. Over the next two years, Signet Bank is planned to invest up to EUR 5 million in loans to Latvian SMEs through the Capitalia platform. Signet Bank is the first institutional investor to become an investor in the Capitalia crowdfunding platform.

“Signet Bank has always been committed to providing access to finance for local companies, supporting their growth and development. We value Capitalia long-standing experience in financing SME’s, which is why we chose Capitalia as our cooperation partner. By joining Capitalia as the first institutional investor, we are expanding access to finance, especially for small and medium-sized companies, thus making a significant contribution to the development of the Latvian economy. We have a long history of promoting innovation in the Latvian financial sector and I am convinced that cooperation with Capitalia will be a valuable and new financial support for Latvian companies, helping them to reach new heights and increase their competitiveness,” said Roberts Idelsons, Chairman of the Board of Signet Bank.

Signet Bank is an important institutional investor and the attraction of such an investor also opens further opportunities for Capitalia to attract other professional investors for faster project financing and development of Baltic companies. “Attracting a well-known Latvian investor like Signet Bank is an important step in Capitalia development. This cooperation will help us to significantly speed up the process of attracting investments and to put the funds at the client’s disposal faster. We appreciate this new cooperation and Signet Bank openness to innovative financial solutions while ensuring comprehensive risk assessment,” comments Juris Grišins, CEO of Capitalia.

About Signet Bank

Signet Bank is Latvia’s leading investment bank, founded in 1991 and one of the first banks in independent Latvia. Signet Bank offers sustainable financing and investment solutions to local entrepreneurs and businesses. Since 2021, Signet Bank has raised additional funding of EUR 500 million for more than 40 Latvian companies through bond and equity issues. In 2023, funds under management reached EUR 1.4 billion. Signet Bank is the leading corporate bond arranger in Latvia and the leading stockbroker in the Baltics in 2023 according to Nasdaq Stock Exchange. Signet Bank’s shareholders are nineteen Latvian and international private investors, the largest of which are Signet Acquisition III (23.05%), whose sole shareholder is US investor Aleksandrs Solovejs; AS “RIT Group” (18.35%), a Latvian company owned by the Rapoport family; and SIA “Reglink” (14.98%), founded by banking professional Irīna Pīgozne.

About Capitalia

Capitalia is the leading financier of small and medium-sized enterprises in the Baltic States, operating since 2007 and financing more than 5,000 different companies in Latvia, Lithuania and Estonia. In 2023, Latvijas Banka granted Capitalia a collective financing platform operating licence. The single framework for collective financing services ensures that providers of this service are on an equal footing in the European Union. In addition to collective finance services, Capitalia also offers investments in bond and venture capital funds, providing even more diversified opportunities to invest in Baltic companies and their future development.