Signet Bank has provided EUR 6.4 million in financing to Agro Terminal Riga, one of Latvia’s longest-established stevedoring companies operating in the Port of Riga since 1990. The financing will support the company’s reorganization through the acquisition of two new companies, facilitating further growth and strengthening its competitiveness in the logistics sector.
Agro Terminal Riga is a multifunctional cargo terminal specializing in the handling of general cargo, containers, and bulk cargo. The company provides cargo transshipment and storage services, as well as a broad range of logistics solutions both in Latvia and internationally, including customs clearance, freight transportation, and logistics support services.
“The financing provided by Signet Bank marks an important step in Agro Terminal Riga’s further development. It enables us to implement the company’s reorganization strategy and expand the scale of our operations, strengthening the terminal’s capacity and competitiveness. Over recent years, the logistics sector has undergone significant changes, making the ability to adapt to new cargo flows, client needs, and market conditions particularly important. This financing will allow us to expand our range of services, improve operational efficiency, and further strengthen Agro Terminal Riga’s position as a reliable logistics partner both in Latvia and internationally,” says Anastasija Smoļņikova, Member of the Management Board of Agro Terminal Riga.
“The structural transformation of Latvia’s logistics and port infrastructure, as well as its adaptation to today’s geopolitical realities, is an important prerequisite for the long-term competitiveness and export capacity of the Latvian economy. By supporting Agro Terminal Riga’s growth plans, we are providing financing that will strengthen the company’s operational capacity and support its sustainable long-term development. Investments of this kind contribute not only to the growth of the individual company, but also to the logistics sector’s overall ability to adapt to changing cargo flows and ensure the provision of high-quality logistics services in the long term,” says Ineta Done, Member of the Management Board of Signet Bank.
