Exactly, this is not an ordinary bank. Understanding the customer’s needs and experiences is one of our core operating principles. We do not apply a standard approach for achieving customer goals, each solution is found by thoroughly analysing each situation individually and following the global trends in the industry.
Signet Bank AS
Antonijas street 3,
Riga, LV 1010, Latvia
Phone: +371 67 080 000
Fax: +371 67 080 001
E-mail: [email protected]
Monday to Friday
9:00 a.m. – 17:30 p.m
Launched in 2019, Primero Finance is a used car financing company that focuses on near-prime customer base and holds a license for provision of consumer credit services.
The Group is based in Riga, Latvia and offers its clients consumer loans for car purchases, car leasing and leaseback (secured by cars) with a term up to 7 years and amounts up to EUR 25 000.
Primero works both in online and offline environment, as the Group has more than 200 partners, including not only used car dealers but also official new vehicle dealerships.
Signet Bank AS is the majority shareholder (51%) of Primero while minority is owned by AS Eleving Stella (49%), providing Primero with access to funding from the Bank and sector know-how and business infrastructure from Eleving Group.
Primero SV1 OÜ
Asset backed securities
Commercial pledge on the assets of the Issuer
Total size: EUR 9.4 m Senior tranche: EUR 8.6m Junior tranche: EUR 0.9m
Senior tranche: 4.5% Junior tranche: 13.5%
Senior tranche: Professional, Retail (portfolio management, investment advice) Junior tranche: Professional only
7 years Regular principal repayments on Senior Tranche notes, based on portfolio cash flows
Clean-up Call option: if less than 10% of the initial portfolio remains outstanding
EUR 1 000
EUR 100 000
Signet Bank AS
ZAB Vilgerts SIA