West Kredit Increases Share Capital to EUR 39 Million

AS West Kredit, a leading provider of non-bank mortgage lending services in Latvia, has increased its share capital to EUR 39 million. The capital increase aims to strengthen the business environment in Latvia, expand financing opportunities for new entrepreneurs, and reinforce West Kredit's leading position in Latvia's non-bank lending sector.

The increase in share capital provides the company with an even stronger capital base, enabling it to continue investing in product development, digital solutions, and improvements to customer service quality. At the same time, it creates additional capacity to expand lending volumes, particularly by supporting new entrepreneurs and individuals who are planning to start their own businesses.
"The increased share capital reflects our confidence in the development path we have chosen and provides additional resources to further strengthen the company's market position. Our priorities will continue to be responsible lending, high-quality customer service, and sustainable growth," says Artūrs Silantjevs, Member of the Management Board of West Kredit. "We also want to support new entrepreneurs by providing access to financing for business start-ups. We believe that financing should be available not only to businesses that have already demonstrated their performance but also to clients who are just beginning their entrepreneurial journey. In addition, we are committed to supporting lending in Latvia's regions, where we continue to see strong demand for additional financing."

In recent years, West Kredit has expanded its operations by investing in digitalisation, process optimisation, and improvements to the customer experience. The company continues to implement a strategy focused on sustainable growth and maintaining a strong market position. During the first half of 2026, West Kredit issued loans exceeding EUR 25 million. The most active borrowers were companies operating in the construction and real estate development sectors, as well as self-employed individuals and sole traders.