In the first half of this year, Industra Bank continued to actively finance Latvian businesses, with the Group’s loan portfolio increasing by 37.6% year-on-year. The Bank has also invested in its service offering – introducing incoming and outgoing instant payments (ZIB) available 24/7, as well as Industra Gateway, a solution designed for companies with high transaction volumes.

In the second quarter alone, the Bank further expanded its lending activity – at Group level, the loan portfolio grew by 37.6% compared with the previous year, reaching EUR 120 million. This demonstrates the Bank’s focus on corporate lending, with particular attention to financing the development plans of companies from different sectors across the regions. Fee and commission income also rose by 17% to EUR 4.4 million, reflecting more dynamic client activity and rising payment volumes.

Industra Bank has also signed an agreement with the European Investment Fund (EIF) to provide guarantees under the InvestEU programme. This will make financing more accessible and affordable for Latvia’s small and medium-sized enterprises (SMEs), enabling them to implement development projects that support the transition to a sustainable economy. With the support of EIF guarantees, Industra Bank plans to provide up to EUR 22.25 million in financing.

Industra Bank’s Chairman of the Management Board, Raivis Kakānis, commented: 
“Every loan is a step towards stronger GDP, more resilient entrepreneurship and greater prosperity here in Latvia. We are determined to provide financing for the thoughtful and well-considered ideas of Latvian entrepreneurs, enabling them to grow, expand and enter international markets. Industra Bank’s ambition is to double its loan portfolio within the next two years.”

Understanding the diverse needs of businesses of different sizes in today’s fast-changing environment, the Bank this year launched Industra Gateway – a tool that allows clients to process payments directly within the Bank’s system, without the need to manually enter data in the internet bank. The solution is particularly well-suited to e-commerce and large corporates with high daily transaction volumes. Industra Gateway offers simple and convenient API integration, ensuring real-time payment processing and payment request validation.

For additional convenience, the Bank has also introduced both outgoing and incoming instant payments (ZIB) available 24/7.

Learn more about Industra Bank’s H1 2025 performance.