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
Founded in 1993, ELKO Group is one of the largest IT product and solutions distributors in Northern Europe and the CIS region, as well as the largest company in Latvia by turnover. The Group employs almost 1 500 employees across 11 countries.
ELKO Group offers a diverse IT and consumer electronics product range from more than 400 leading IT manufacturers such as Apple, Huawei, Samsung, Intel, Acer and others.
ELKO Group has more than 10 000 clients in 31 countries with retailers and internet shops being among the largest contributors. Other clients include household IT retailers in Latvia.
Diverse financing structure with multiple local working capital loans and factoring from Deutsche Bank and IGF. ELKO Group has previously issued and successfully redeemed 2 listed bonds.
Proven track record with international private equity investors. East Capital and Amber Trust jointly acquired 25.5% stake in ELKO Group in 2005 and both firms successfully exited their investments by selling to current shareholders in 2013 and 2020.
AS ELKO Grupa
IT products distribution
EUR 20 000 000
@104% after 1Y; @103% after 2Y; @102% after 3Y; @101% after 4Y
EUR 1 000
EUR 100 000
Interest Coverage ratio at least 1.50x Adjusted Equity ratio at least 16%
Working capital financing
Signet Bank AS