In 2025, Industra Group continued its focused growth, significantly increasing its lending volumes. Over the course of the year, the Group’s loan portfolio grew by 63%, from EUR 107 million to EUR 175 million. According to Industra Bank’s audited results, the Group’s gross profit exceeded EUR 5 million in 2025, up 31% compared with 2024.

Customer deposits increased by 8% to EUR 282 million, while the Bank’s total assets rose by 11% to EUR 323 million. Industra Bank also continued to deliver strong returns, with post-tax return on equity (ROE) at Group level reaching 15%.

Industra Bank further strengthened its position as a specialised business bank with a clear focus on financing Latvian small and medium-sized enterprises, with particular attention to companies with export potential.

“2025 was a breakthrough year for Industra Bank in business lending. We significantly expanded our loan portfolio while maintaining a sound approach to risk assessment and a clear focus on Latvian companies that produce, export and grow. Our strength lies in our ability to take a closer look at our clients’ businesses and identify potential where standardised models often fail to do so. It is precisely this approach that allows us to grow alongside our clients and contribute to a stronger business environment in Latvia,” says Raivis Kakānis, Chairman of the Management Board of Industra Bank.

“In 2026, our goal is to maintain this strong growth momentum and issue at least EUR 100 million in new loans to support business development,” he adds.

During the year, Industra Group expanded through the acquisition of a 53% stake in financial services company MC Finance. The transaction enabled the Group to diversify its service offering, expand in the small-ticket car leasing segment, and also contribute to improving housing accessibility in the regions.

“Our goal is to build a financial group that can grow rapidly, but in a considered way. In 2025, we brought together several important elements — growth in lending, diversification of services, strong capital indicators and international recognition. This provides a solid foundation for long-term development,” says Jurijs Adamovičs, Chairman of the Supervisory Board of Industra Bank.

A significant event after the reporting period was the Bank’s international recognition: on 9 February 2026, Moody’s Ratings assigned Industra Bank a Ba2 long-term deposit rating and a Ba3 senior unsecured bond rating, both with a stable outlook. Industra Bank thus became the first locally owned bank in Latvia to receive such a global assessment.

About Industra Bank:
Industra Bank is a locally owned bank established by Latvian entrepreneurs, with a clear focus on financing Latvian small and medium-sized enterprises and supporting the development of the national economy.

In 2025, Industra Bank delivered strong growth, with its loan portfolio increasing by 63% to reach EUR 175 million by year-end. Customer deposits at the end of 2025 were approaching the EUR 300 million mark.

Industra Bank is the only locally owned bank in Latvia to have been independently assessed by a global rating agency. In February 2026, Moody’s Ratings assigned Industra Bank a Ba2 long-term deposit rating and a Ba3 senior unsecured bond rating, with a stable outlook.

Industra Bank serves nearly 20,000 customers, providing services both in person — through customer service centres in Riga, Daugavpils, Liepāja, Ventspils and Jelgava — and remotely, regardless of the client’s location.

For further information:
Ieva Zauere
Industra Bank AS
Head of Marketing and Communication
+371 29485726
ieva.zauere(abols)industra.finance