Industra Bank and SIA “PTP Store” (an online store 9A.lv) have concluded an agreement for a credit line of 300 thousand euros to finance the company's working capital and debt refinancing.

Established in 2004, SIA "PTP Store" operates primarily in the trading of industrial and agricultural products and services. The company collaborates with over 40 active partners, hosting specialized product stands offering bearings, oils, seals, and pneumatic products. Meanwhile, 9A.lv is the company's online store, predominantly selling products related to the industrial professional segment. However, the company aims to ensure uniform conditions for all customers, encompassing price, delivery times, and payment methods.

Sandris Šveisbergs, a board member of SIA “PTP Store,” emphasizes: “After pandemic, last year there was a significant surge in activity in the industry. Despite various market disruptions, in 2022, SIA “PTP Store” saw a 28% increase in turnover. Major corporate clients (logging, agricultural, and wood processing companies) significantly contributed to the company's turnover. Their trust in the company affirms its ability to provide high-quality goods at competitive prices.

Jānis Diedišķis, a board member of Industra Bank, notes: “Industra Bank actively expands its lending volumes, providing financing to various sector enterprises and projects united by prudent management, thoughtful and calculation-based visions of the future, and a willingness to cooperate with a bank that delves into their business ideas and offers suitable solutions. With nearly two decades of operation, SIA “PTP Store” has accumulated convincing expertise in the industrial sector and continuously evolves by offering customers quality goods directly from manufacturers. We are pleased with SIA “PTP Store” choosing Industra Bank as their financial partner in realizing future plans.”

Industra Bank has been established by local entrepreneurs, focusing its operations on serving Latvia's small and medium-sized enterprises. The bank serves 19.5 thousand clients – fifteen hundred legal entities and eighteen thousand private individuals. For the convenience of its clients, the bank offers service centers in Riga, Daugavpils, Liepāja, Ventspils, and Jelgava. In the first nine months of 2023, Industra Bank achieved a consolidated profit of 4.4 million euros, while consolidated core income for this year's three quarters amounted to 11.4 million euros, a 53% increase compared to the same period last year. The credit portfolio extended to clients increased by 11% over the year and reached 78 million euros by the end of the third quarter.