How to invest in the Latvian Agriculture Credit Market
AgroCredit Latvia has been operating since 2011 as a non-bank lender that issues Latvian farmers loans secured with grain sale contracts. Our primary product offered is seasonal financing for current assets, which is repaid at the end of each farming season, after grain sales are completed. Fixed future grain delivery contracts serve as collateral for loans.
Our credit portfolio achieved close to EUR 7 million at the end of last season. Customers are local Latvian farmers, who operate their farms for a longer run and are known to AgroCredit and/or our partners.
AgroCredit Latvia publish unaudited annual accounts for 12 months, 2016.
In 2016 the company was continously growing, showing gradual and well balanced development trend. The share capital of the company was raised by 1/3rd and that allowed to acquire additional financial resources from outer investors and thus grow the credit portfolio. The total credit portfolio achieved nearly 6 mEUR by the end of the seeding season.
In the middle of 2016 the company emitted bonds and later in August started the quotation in Nasdaq Baltic stock exchange. It helped not only to raise additional funds for the business but helped to…
AgroCredit Latvia has received the announcements from related person of management person of the company regarding the transacion of the bonds. Please find more detailed information attached.