RIB refinances the loan issued by AS Brīvais vilnis in less than one million euros

In October of this year, JSC “Regional investment bank” (RIB) concluded a financial transaction with JSC “Brīvais vilnis“, refinancing the company’s financial obligations in the amount of 925 thousand euros.

AS “Brīvais vilnis” is one of the leading manufacturers of canned fish in Latvia and the Baltics with a history of more than 70 years. The company continues to develop deliberately, already offering more than 100 different fish products, which are sold both in the local market and also exported outside Latvia. Currently, the canned goods produced in Salacgrīvās go to about 40 countries around the world, namely the USA, Ukraine, Germany, the Czech Republic, Slovakia and Israel the biggest customers.

“There has never been a shortage of challenges for the production company – the cost of living is increasing, but it is not so easy to raise prices for finished products. To maintain our competitiveness in both the domestic and export markets, we constantly look for solutions to ensure more efficient production, while also making the best use of our resources. Brivais vilnis”.

“Our strategic goal remains unchanged – to support domestic entrepreneurs in the medium and large business sector, including focusing on sectors that we have set as priorities. Among them, an important place is to support Latvian manufacturing companies that export their products. By assessing the needs of each individual company, we offer both the refinancing of existing obligations and financing for development let’s stop at this number – in 2025 we will work just as actively and even more actively to support our local entrepreneurs, with the joint promotion of the development of the Latvian economy,” said Aleksandrs Jakovļevs, chairman of the board of RIB.