Industra Bank Group continued to expand financing for Latvian businesses in the first half of 2026, while further strengthening its capital position and diversifying its funding sources. The Group’s loan portfolio grew by 15%, or EUR 24 million, over the six-month period, building on the strong growth achieved last year.

In the first half of 2026, Industra Group grew its loan portfolio by EUR 24 million, while Group deposits increased by EUR 7.5 million.

The Group maintained a solid capital position, with a total capital adequacy ratio of 19.9% at the end of June, providing ample capacity to support further business development and lending growth.

Jurijs Adamovičs, Chairman of the Council of Industra Bank, says: “Rapid growth is not an end in itself. What matters is growing in a way that ensures every step forward makes the Bank stronger – strengthening its capital, funding base, risk management, expertise and ability to support Latvian businesses over the long term. In recent years, we have shown that we can significantly expand our business while maintaining high ambitions and the confidence to make bold decisions. Our first-half results confirm that we remain firmly on this path, building an ever stronger foundation for further growth.”

A key step in diversifying the Bank’s funding base during the first half of 2026 was its entry into international deposit markets. This has broadened the Bank’s sources of funding and created additional capacity to support continued lending growth.

Raivis Kakānis, Chairman of the Board of Industra Bank, says: “After the very strong expansion of our loan portfolio last year, we have continued to grow this year, adding a further EUR 24 million in the first six months. Behind that figure are investments by Latvian businesses in production, new equipment and working capital, as well as their expansion into new markets.

At the same time, we continue to develop our everyday banking services and digital solutions. This year, we have introduced both Google Pay and Apple Pay for our customers, making everyday payments even more convenient and accessible.

Our role goes beyond providing finance. We take the time to understand each company’s business and find solutions where a standardised approach is not enough. We see strong businesses and viable development projects in the market, and we remain ready to actively finance the growth ambitions of Latvian companies.”

Another important milestone in the Bank’s development came in February 2026, when Industra Bank received its first rating from the international credit rating agency Moody’s Ratings. The Bank was assigned a Ba2 long-term deposit rating and a Ba3 senior unsecured rating, with a stable outlook. Industra became the first locally owned Latvian bank to receive a credit rating from Moody’s.

About Industra Bank

Industra Bank is a locally owned bank established by Latvian entrepreneurs, focused on financing Latvia’s small and medium-sized enterprises.

In September 2026, the Bank’s loan portfolio exceeded EUR 200 million, while customer deposits stood at more than EUR 400 million.

In February 2026, Moody’s Ratings assigned Industra Bank a Ba2 long-term deposit rating with a stable outlook. Industra is the only locally owned bank in Latvia to have been independently assessed by a global credit rating agency.

Industra Bank serves almost 20,000 customers, offering services both remotely and in person through customer service centres in Riga, Daugavpils, Liepāja, Ventspils and Jelgava.

More information: https://industra.finance/