Half Year financial report
SIA "AgroCredit Latvia" unaudited midterm report for 1H 2017
Mārupe, Latvia, 2017-08-30 14:38 CEST --
SIA AgroCredit Latvia publish financial report for 1st half of 2017.
In 2017 the company remained steady growth trend increasing the total interest income by 15% and net profit by 25% in comparison of respective period in 2016. The total assets increased by 33% during the last year.
The company grants loans to agriculture clients, mainly offering seasonal financing to grain growers. The credit policy aplied is conservative and it ensures good quality of the loan portfolio and low financial risk level.
No significant changes are planed for the operations of the company in 2nd half of 2017.
Chairman of the Board
Phone +371 29445225