AS “Reģionālā investīciju banka” (“RIB” or “the Bank”) today announces that it has approved a leasing facility of EUR 1 000 000 to SIA “Arsenal Industrial” for the acquisition of new construction equipment. The financing will enable Arsenal Industrial to expand its fleet of excavators and loaders, broadening its range of rental offerings and enhancing service capacity across the Baltic region.
Key transaction details:
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Lessor: AS Reģionālā investīciju banka
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Lessee: SIA Arsenal Industrial
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Facility size: EUR 1 000 000
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Purpose: Purchase of new construction machinery (excavators and loaders)
From the Lessee:
Gints Vanags, CEO of SIA Arsenal Industrial, notes that over the past years the company has experienced strong growth in demand for machinery rental, driven by fluctuating project pipelines, non-standard assignments and rising purchase prices for new equipment. By leveraging RIB’s leasing solutions, Arsenal Industrial will acquire the latest-generation excavators and loaders, enabling customers to optimise processes and improve onsite efficiency.
RIB’s approach:
Aleksandrs Jakovļevs, Chairman of the Board at RIB, commented that the bank focuses on tailoring financing solutions to sector-specific needs and individual project requirements. “This deal underlines our commitment to supporting Latvian entrepreneurs: in Q1 2025 our leasing volumes to Latvian businesses increased by 25.3% year-on-year, as we continue to help clients grow their operations and realise their investment plans.”
Gints Vanags
SIA Arsenal Industrial, CEO
Mobile: + 371 26 303 848
E-mail: gints.vanags@arsenalrent.com
www.arsenalnoma.lv