JSC Rietumu Banka, trading as Rietumu Banka, is authorised by the Financial and Market Commission in Latvia and is regulated by the Central Bank of Ireland for conduct of business rules. We provide corporate lending to corporate entities (which are usually special purpose vehicles (SPV)) based in Ireland on a cross-border basis.

Rietumu Banka funds senior debt transactions in the Commercial Real Estate (CRE) sector in major cities of the Republic of Ireland. Our clients are professional property investors who are looking for funding options in CRE sector. Lending is usually offered to Special Purpose Vehicles established for a single purpose to hold the legal interest in the property.

General lending terms:

  • Borrower: Special Purpose Vehicle (usually)
  • Loan type: loan/credit line
  • Loan amount: from EUR 1 million
  • Interest rate: as agreed upon by the parties
  • Period: up to 5 years
  • Repayment schedule: up to 15 years
  • LTV up to 70% of the fair market value of the collateral
  • Currency: EUR
  • Application fee: 0.1% of the transaction amount, no less than EUR 5,000


  • Rented out commercial real estate in major cities of the Republic of Ireland – as agreed upon with the bank.
  • Shares and assets of companies, personal and corporate securities

Additional terms:

  • At least 3 years work in the business sector where lending is sought
  • The company’s positive equity and profitability
  • Sufficiency of a cash flow to pay interest and principal
  • Registration and insurance of pledges

All loans have to be approved by the Bank’s Credit Committee. A loan can be granted only after the loan agreement and other documents have been signed and all conditions precedent have been met. The Bank does not consider funding of speculative transactions.