For the second year running, SEB has won a tender issued by the Ministry of Finance in Latvia regarding the right to issue state-guaranteed study and student loans. The total amount of financing to be dispensed by SEB during 2011 in study and student loans is 28.7 million lats.
Over past years, SEB has granted 12,404 study and 5,466 student loans secured by a state guarantee worth a total of 28.6 million lats. Last year alone, SEB granted a total of 4,547 state-guaranteed study and student loans valued at over 14 million lats.
Ieva Tetere, head of retail banking at SEB in Latvia said: “Each year, we continue to extend our co-operation with the universities and students in Latvia by providing support to various educational and public initiatives. This is an opportunity for us to gain experience and a better understanding of the students’ needs and of the banking services that they require. We are pleased that SEB in Latvia has been granted the right to issue state-guaranteed study and students loans once more in 2011 as it represents a substantial aid for many young people in acquiring their university degrees.”