Signet Bank to extend capital markets education project

Latvia's Signet Bank has announced the dates for a regional tour designed to familiarize businesspeople outside Rīga with the workings and opportunities of capital markets.

This year's first Signet Bank Capital Market Academy will take place in Rīga on 1 February, but thereafter will head out of the capital.

The initiaitve is a free educational project for Latvian business owners and managers interested in raising finance through capital market instruments.

"Latvian companies, compared to other developed countries, currently make very little use of alternative sources of financing, including capital market instruments, and are highly dependent on the availability of bank financing. According to Signet Bank's survey of Latvian entrepreneurs' financial sentiment and business environment, such behavior is largely influenced by a lack of knowledge about the opportunities offered by the capital market, which is acknowledged by more than 57% of Latvian entrepreneurs surveyed," the bank said in a press release.

Although 83% of Latvian entrepreneurs have heard about capital market financing options (raising capital from investors, listing companies on the stock exchange and issuing bonds), only 13% of them are considering using capital market financial instruments in the next 12 months. according to the bank's figures.

"We are pleased with the success of last year's academies. The interest of local companies has been a motivating reason to continue this year and launch the Capital Market Academy in the regions of Latvia. By providing entrepreneurs with valuable financial knowledge and understanding of the availability and opportunities of capital market financing, we not only contribute to local economic growth, but also empower entrepreneurs to make the right and most effective financial decisions for their business development," said Roberts Idelsons, Chairman of the Board of Signet Bank.

More about the program and an application form are avilable at:

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