JSC “Regional Investment Bank” has allocated 1.5 million euros to one of the largest Latvian pig breeding companies for the purchase of seasonal grain from SIA “Vaiņodes bekons”,
Last year, the “Regional Investment Bank” allocated 1.2 million euros to the company.
Kārlis Kavass, a member of the board of Vaiņode Agro Holding SIA, the owner of Vaiņodes bekons, provides support to the company with an airbag that protects against fluctuations in the raw materials market, ensuring predictability of production costs.
“It is important to add that the big beneficiaries are also the local grain growers, who have the opportunity to quickly transfer the grown products and receive payment quickly. We are glad that we can provide support and stimulate the county’s economy in this way,” Kavass added.
It has already been reported that the audited profit of the “Regional Investment Bank” last year was 714,678 euros, which is 4.2 times less than in 2019.
At the end of 2020, the Regional Investment Bank was the ninth largest bank in Latvia in terms of assets. The bank’s largest shareholders are SIA SKY Investment Holding (37.4%), Ukrainian citizen Yuri Rodin (20%), Ukrainian Pivdieman (13.76%) and Mark Becker (10.57%).
“Regional Investment Bank” was registered in 2001 and its share capital is 32.335 million euros.
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