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‘SEB banka’ grants a loan of 1.1 million euros for the development of the ‘Concord Service Group’

SEB bank “granted 1.1 million euros to SIA” Concord Service Group “, a provider of professional catering services, home management and cleaning of premises and outdoor areas, the bank” Delfi Bizness “informed. buying real estate in the Ķekava region.

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The bank explains that the company currently rents premises in Riga, the area of ​​which is not sufficient for carrying out and developing the business, while the renting of separate warehouses creates additional costs. The new headquarters will allow the company to work more efficiently and sustainably.

“In recent years the company has developed rapidly and continues to achieve its objectives, which also include new jobs, as well as additional production and storage facilities. Funding was needed for the purchase of a property to join an office , a large warehouse and production facilities under one roof, to be convenient and comfortable for both employees and customers. The company has ambitious plans and a clear vision for the future. Our successes are best represented by our customers, whose number has tripled in the last two years. Currently, the company operates in three sectors, but it is expected to further expand the range of services “, says Ingrīda Žemaitaitiene, executive director of Concord Service Group.

“Although the service sector was one of the hardest hit during the pandemic, companies that have been able to adapt to the situation and find new business directions continue to develop successfully. These – financially strong and growing companies – are and will be attractive to all banks. In general, business lending continues to grow, as the financial situation of many companies has improved in previous years: a relatively low liability burden, cash savings in accounts, as well as the ability to maneuver and adapt to changing economic conditions can be observed. It is a good basis for companies to continue investing in their development and learning new markets, “says Arnis Škapars, board member of” SEB banka “.

The “Concord Service Group” company provides comprehensive home management and management, professional cleaning of premises and areas, restaurant services and food delivery, providing 650 jobs.

The “Lursoft” information shows that the sole owner of “Concord Service Group” is Lithuanian citizen Irmants Norkus. Last year “Concord Service Group” worked with a turnover of 7,022 million euros and a profit of 38,789 euros.

For more information:

Elīna Neimane, Corporate Communication Department, Head of Corporate Communication – 26861570, [email protected]

More information about the SEB group in Latvia:

Twitter / SEB_Latvia, Facebook / SEB.Latvia, YouTube / SEBlatvia, LinkedIn / Seb-banka-Latvia

www.seb.lv

SEB Group is the leading financial services provider in Northern Europe. As a bank for close and long-term relationships, SEB offers financial advice and a wide range of financial services in Sweden and the Baltic states. In Denmark, Finland, Norway and Germany, SEB’s top priority is the provision of corporate and investment banking services to corporate and institutional clients. The activity of the SEB Group at an international level is confirmed by the representation in 20 countries. As of June 30, 2022, the total assets of the SEB Group are SEK 4.113 billion, the total assets under management are SEK 2.1 trillion. 16,000 employees work in the SEB group. More information on the SEB group: www.sebgroup.com.

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