The bank’s financing will ensure the liquidity of Epso-G, and will allow to balance the cash flows of the group’s companies during the implementation of important investments, OP Corporate Bank announced on Monday.
“The granted borrowing limit is an extremely significant means of ensuring financial liquidity for the group of companies, which helps Lithuania to move towards energy independence,” said Darius Kašauskas, head of finance of the Epso-G group, in a statement.
“Offshore wind generation and energy storage are green energy, which we must switch to in order to achieve a sustainable economy, and for this, consistent financing is necessary,” said Leda Iržikevičienė, head of the Lithuanian branch of OP Corporate Bank, in a statement.
OP Corporate Bank has reportedly been working with the Epso-G Group for a decade. The bank provides day-to-day banking services and financing for current funds and investment projects to group companies.
OP Corporate Bank’s branch in Lithuania has been operating for eleven years. The bank announces that it is the fifth largest in Lithuania in terms of the portfolio of granted business loans, which consists of 1.3 billion. euros.
The bank belongs to the largest financial services group in Finland, OP Financial Group.
Tags: Corporate Bank lends million EpsoG Group euros Business
