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  • OP Financial Group which operates in Latvia and includes Pohjola Bank recognised by Bloomberg Markets as the strongest financial group in Europe | Pohjola Bank
    good sign to our current and potential customers that the bank s operation has been good and well thought out and that it has extensive opportunities for the future comments Elmārs Prikšāns manager of the Pohjola Bank Latvian branch on the successful performance Bloomberg Markets evaluated banks by such criteria as capital adequacy volume of nonperforming assets reserves for loan losses to nonperforming assets efficiency and ratio of deposits to funding The evaluation is based on figures recorded at the end of the previous financial year on 31 December 2014 The magazine evaluated 114 banks which as of 1 June 2015 had assets of at least USD 100 billion and which had openly demonstrated their business transparency by providing information to experts themselves It is worthy of mention that the majority of the 114 banks are state owned with only 13 including Pohjola Bank being privately owned OP Financial Group s assets as of 1 June 2015 were USD 133 6 billion The competition in the Bloombergs Markets ranking increases with each year Last year only 97 banks with assets over USD 100 billion were evaluated Looking at the list of the world s largest most valuable and stable banks

    Original URL path: https://www.pohjola.lv/en/op-financial-group-which-operates-in-latvia-and-includes-pohjola-bank-recognised-by-bloomberg-markets-as-the-strongest-financial-group-in-europe (2016-02-18)
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  • Pohjola Bank signs a loan agreement for EUR 9.6 million with Riga Technical University | Pohjola Bank
    professor Tālis Juhna Publicity photo Riga Technical University RTU has entered into an agreement with Pohjola Bank plc Latvian Branch regarding a loan of EUR 9 6 million for the implementation of the RTU a city in the city project development of the joint area complex of RTU in Kipsala During the implementation of the RTU a city in the city project the most advanced engineering study centre the students city will be established in the Baltic region which will consist of RTU faculties an administrative building and Scientific Library The aim of the project is to ensure the more efficient improvement of the quality of RTU study programmes Premises and equipment will be upgraded during the project so providing an opportunity for disabled persons to attend RTU educational programmes Elmārs Prikšāns the Head of Pohjola Bank plc Latvian Branch emphasizes that the new loan agreement is a continuation of good cooperation Pohjola Bank has also granted funding to RTU in previous years this being the second loan provided by the bank to RTU We are especially pleased for the opportunity to provide support with our funding investments in higher education as from the long term perspective it can create

    Original URL path: https://www.pohjola.lv/en/pohjola-bank-signs-a-loan-agreement-for-eur-96-million-with-riga-technical-university- (2016-02-18)
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  • The first building of Academic Centre of Natural Sciences of the University of Latvia is open | Pohjola Bank
    to date in Latvia the newly built Academic Centre for Natural Sciences of the University of Latvia has been opened where around 1500 students are going to study from the faculties of Biology Geography and Earth Science Chemistry Medicine as well as the Department of Optometry and Vision Science department of the Faculty of Physics and Mathematics In the building there are located Institute of Microbiology and Biotechnology and Institute of Chemical Physics as well the laboratories of six research centres of national significance In construction of the building innovative and sustainable solutions have been used on the top floor there are situated research greenhouses a conference hall facing Old Riga and National Library of Latvia On the roof it is planned to install wind generators and solar panels to be able to use the alternative energy but all system of the building being run by smart home technologies Academic Centre for Natural Sciences of the University of Latvia is one of the most progressive centres of higher education and research in Europe its construction has cost 35 million euro The major part of the financing came from the European Funds In July 2014 Pohjola Bank plc Branch in Latvia

    Original URL path: https://www.pohjola.lv/en/the-first-building-of-academic-centre-of-natural-sciences-of-the-university-of-latvia-is-open (2016-02-18)
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  • The ambitious Riga Free Port infrastructure project in Krievu sala has been implemented by also using funding from Pohjola Bank | Pohjola Bank
    Construction of the object lasted for three and a half years and its implementation cost EUR 133 65 million Most of the expenses were covered from the European Union EU Cohesion Fund while the other funds were borrowed by the project implementers from the banks Pohjola Bank lent almost EUR 30 million for the implementation of this project Four bulk cargo handling berths have been built in Krievu sala Their total length is 1 180 metres Quay depth is 15 5 metres All the required road and railway access as well as engineering communications to the port territory have been built in the object The total capacity of the Krievu sala project is 20 million tonnes of bulk cargo per annum It relates to coal rubble scrap metal and granite products as well as other types of cargo The purpose of construction of the infrastructure object in Krievu sala is to ensure the maintaining of competitiveness of Riga Port in the Baltic Sea region and its improvement as well as to prevent environmental degradation in the territories of Andrejsala and Eksportosta caused by the operation of the port It is planned that as soon as possible approximately 35 of the

    Original URL path: https://www.pohjola.lv/en/the-ambitious-riga-free-port-infrastructure-project-in-krievu-sala-has-been-implemented-by-also-using-funding-from-pohjola-bank (2016-02-18)
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  • Leasing – a simple solution for farmers! | Pohjola Bank
    Rural Support Service RSS shall pay public financing to a farmer for his her expenses once a quarter the leasing payments for three months The project supervision 5 years shall start after payment of the leasing and acquisition of the agricultural machinery by the farmer Detailed information about project administration is available in this scheme It should be noted that along with the amendments to the Regulation financial leasing has become less attractive for the implementation of EAFRD investment projects now farmers may only receive co financing of the RSS gradually in parts instead of the whole amount Therefore in order to attract co financing of the RSS immediately after the machinery Pohjola Finance offers a leasing solution for the acquisition of all types of new agricultural machinery Pohjola Finance has been offering this solution to clients since 2008 already by gaining great experience in the provision of the service Our leasing solution By purchasing machinery and obtaining property rights to it a client registers a commercial pledge to the acquired machinery in favour of Pohjola Finance After registration of the pledge Pohjola Finance shall grant a loan to the client for the payment due to the seller of the

    Original URL path: https://www.pohjola.lv/en/leasing-%E2%80%93-a-simple-solution-for-farmers (2016-02-18)
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  • Elmārs Prikšāns “The biggest challenge – reaching more rapid economic growth” | Pohjola Bank
    required We are also well aware of the fact that substantial changes will not be possible if no changes take place in the fields of education and demography It is also important for the growth to be comprehensive The progress has to take place in different fields there has to be synergy between fields that are correlated An overall upswing cannot be ensured by a breakthrough in just one field Stephan Oldfield representative of PricewaterhouseCoopers from the United Kingdom underlined that one of the main preconditions for success in business is the selection of a proficient strategy paying attention to business sustainability The business environment has changed substantially over time and it keeps on changing Everything happens faster in the world The market is global That is why it is important to create strategies for a period of at least three to five years and they have to be facilitated by efficient short term tactical solutions that provide the possibility of adapting to the current situation as much as possible S Oldfield pointed out Kim Møller Chairman of the Board at Oxford Group and Oxford Leadership partner from Denmark also emphasised that the keys to success in modern day business are uniqueness innovations and the ability to be different Nowadays it is becoming more and more important for business managers to be able to sense react and adapt to changes The new business environment makes it necessary to not only plan the work that has to be done but also specifically define the things that do not have to be done It is essential in order not to spend resources on processes that we can manage without and that make it harder for us to be efficient A modern day person does not have to work all the time and without stopping in order to ensure higher work productiveness and carry out more work A lot is determined by unique and original solutions Morten Hansen representative of the Stockholm School of Economics in Riga underlined that the critical aspects for the existence development and competitiveness of Latvian companies are demography education and migration One has to objectively acknowledge that Latvia has gotten into a sort of a vicious circle Looking from the European perspective the wages in Latvia are low Low wages facilitate emigration as well as the further worsening of the demographic situation A drain of qualified manpower takes place thus delaying the increase of the state s competitiveness That is why we find ourselves were we have already been before the wages in Latvia cannot become higher and closer to those present in a number of other European countries M Hansen indicated that the best solution for Latvia to get out of this vicious circle would be to facilitate manpower that is well educated conforms to the requirements of the labour market and is orientated towards more rapid economic growth M Hansen also mentioned the fact that none of the universities of our country have been able to

    Original URL path: https://www.pohjola.lv/en/elmars-priksans-%E2%80%9Cthe-biggest-challenge-%E2%80%93-reaching-more-rapid-economic-growth%E2%80%9D (2016-02-18)
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  • News | Pohjola Bank
    University of Latvia is open 16 09 2015 Pohjola Bank signs a loan agreement for EUR 9 6 million with Riga Technical University 14 09 2015 File import and export in Netbank only ISO format will be available starting from 01 01 2016 14 08 2015 OP Financial Group which operates in Latvia and includes Pohjola Bank recognised by Bloomberg Markets as the strongest financial group in Europe 30 06 2015 Electronics Centre financed by Pohjola Bank plc opens in Ventspils 05 05 2015 Pohjola Group performance for January March 2015 19 12 2014 New XML message formats ISO 20022 available in NetBank as of 01 01 2015 02 12 2014 About the amendments to the Bank s Terms and Conditions and the Price List 21 11 2014 Pohjola Bank plc sponsors annual Business forecast conference 2015 organized by Dienas bizness 19 11 2014 Financing from Pohjola Bank plc allows Riga International Airport to begin construction of the New Pier 11 12 2014 The agreement about an 80 million euro loan to Latvenergo for capital investment in electricity production assets and network infrastructure signed in Pohjola Bank Latvian Branch 14 11 2014 New product available to our bank customers Salary payments 04 11 2014 Pohjola Bank has won both parts of the Latvenergo procurement 06 10 2014 Capillary pipe plates for innovative heating and conditioning systems will be produced by the Ventspils Technology Centre developed with funding from Pohjola Bank 29 09 2014 The new Faculty of Power and Electrical Engineering building has opened as part of the emerging RTU a city in the city project with funding from Pohjola Bank 08 09 2014 Time Capsule Laid in the Foundations of Ventspils Electronics Centre Financed by Pohjola Bank 22 08 2014 Pohjola Bank grants a 13 million euro loan for

    Original URL path: https://www.pohjola.lv/en/news (2016-02-18)
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  • Terms of use of site | Pohjola Bank
    which apply to its use Our website may also contain specific terms relating to individual services in which case these general terms and conditions apply only secondarily Restrictions on liability We maintain our Internet website to enable everybody to find out more about our company and the products and services we offer We have made every effort to ensure the factual accuracy of our site However we commit ourselves only to providing information on an as is basis Our site may contain links and other references to Internet sites maintained by others whose content or accessibility is beyond our control Copyright All copyrights to this Internet website the rights to its layout and databases and other intellectual property relating to the content including text pictures and sound belong either to Pohjola or our cooperation partners The pages in this website may be copied distributed or otherwise used only to the extent permitted by law Any other use of the content of this website requires the written consent of Pohjola As a customer you may however store pages from this website on your computer or print pages of it for your own personal use as a private individual When quoting the

    Original URL path: https://www.pohjola.lv/en/terms-of-use-of-site (2016-02-18)
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archive-lv.com, 2016-12-05