New partnership with the industrial company Arginta Engineering
We are starting a collaboration with Arginta Engineering, having secured a financing agreement worth EUR 7.5 million. As a designer and manufacturer of non-standard engineering equipment, Arginta Engineering operates three factories in Lithuania and Finland, and serves renowned global brands. The funding will support the company's business expansion.
"We are delighted to begin our collaboration with OP Bank after a thorough analysis of partnership opportunities. We anticipate that this will significantly contribute to the achievement of the company’s growth objectives and add value for our clients," says Tomas Jaskelevicius, CEO of Arginta Engineering.
"We appreciate the trust our client has shown in us and are pleased that both parties have managed to find the best cooperation solution, enabling us to support the company’s smooth financial operations. The engineering firm produces high value-added products and operates in the industrial sector. Improving expectations and a gradual recovery in export demand within the industry segment suggest promising cooperation prospects in the future," says Giedrius Dzenkauskas, Head of Sales at the OP Corporate Bank Lithuanian branch.
Arginta Engineering collaborates with various sectors including energy, cellulose and paper, oil and gas, lifting equipment, construction, packaging, wood processing, mining, renewable energy, and others.
Our bank aims to establish sustainable and long-term relationships with our clients. We strive for mutual success by offering a comprehensive range of financial services tailored to each business's needs. We work with major companies and leading mid-sized firms in their respective fields. We are the fifth largest bank in Lithuania by business loans granted, with a portfolio amounting to EUR 1.3 billion.