In the third quarter of this year, Industra Bank continued to consistently expand financing availability for Latvian businesses. At the end of the quarter, the Group’s loan portfolio reached EUR 148 million, up from EUR 95.6 million a year earlier – an increase of more than 54%. 

This substantial growth reflects the bank’s strong focus on corporate lending and its ability to effectively finance development projects across various sectors both in the capital and in the regions.

Industra Bank’s CEO Raivis Kakānis notes:

“The strong rise in financing granted by Industra Bank this year clearly shows that Latvian companies have the strength, ideas and projects with genuine growth potential. We see entrepreneurs ready to move forward – modernising production, investing in efficiency, and entering new markets. And this is precisely where we see our role: to be a partner that helps businesses grow and reach their next stage of development.”

We continued to reinforce the bank’s income structure: 

• Net interest income for the first nine months of 2025 rose to EUR 6.96 million;
• Net fee and commission income reached EUR 5.20 million – a significant increase compared with the previous year.

Growth both organically and through Group expansion

In the third quarter, Industra Bank continued to grow organically by increasing lending to Latvian companies and attracting new clients, as well as through a strategic acquisition. By acquiring a controlling stake in consumer lender AS MC Finance, Industra Bank expanded the Group’s portfolio of companies and diversified its lending offering within the Group.

Strong financial indicators and high liquidity

• Total assets increased to EUR 313.7 million;
• Client deposits reached EUR 272.8 million;
• Capital ratios remained high – total capital ratio at 19.31%, Tier 1 capital ratio at 15.86%;
• Liquidity Coverage Ratio (LCR) at 190%, significantly above regulatory requirements.

Supporting Latvian companies’ ambitions to grow – locally and internationally

Industra Bank is committed to doubling its loan portfolio within two years by providing financing for well-considered, viable business ideas that enable Latvian companies to grow and develop, thereby contributing to the country’s overall economic strength.

In addition, Industra Bank clients benefit from guarantees available under the European Investment Fund’s InvestEU programme, providing particularly accessible financing for companies seeking to expand, modernise and enter new markets both in Latvia and abroad.