THE LATVIA’S MOST VALUABLE COMPANIES TOP101 FOR THE FIRST TIME HAS BEEN COMPILED IN COOPERATION WITH “KREDĪTINFORMĀCIJAS BIROJS”  

 

 

On 14th of October, the most valuable companies of Latvia and the Baltic States were announced during the opening ceremony of The Latvia’s most valuable companies TOP101  at the art museum “Rīgas Birža”. For the first time list of the most valuable companies was compiled in cooperation with the JSC “Kredītinformācijas Birojs”.

 

The Latvia’s most valuable companies TOP101 developed by Prudentia and Nasdaq Riga since 2005.

 

This year the most valuable company in Latvia was announced JSC “Latvenergo”, whereas  JSC “Olainfarm” received a special prize for the significant increase of value in the Latvia’s most valuable companies TOP101. “Swedbank” maintained leading position in the TOP 101 of the most valuable companies of the Baltic States this year, followed by “SEB bank” group and “Tallink Grupp”.

 

“We are very pleased to be engaged in honouring Latvian and Baltic most valuable companies. These companies are one of the largest drivers of the economics of Latvia and the Baltic States; furthermore, they are the largest employers and taxpayers. For our part, we are interested to help not only to large, but also to medium-size and small companies to increase their value in the future,” commented Jānis Timermanis, Chairman of the Board of the JSC “Kredītinformācijas Birojs”.

JSC KREDĪTINFORMĀCIJAS BIROJS: FIRST TO RECEIVE CREDIT INFORMATION BUREAU LICENCE IN LATVIA

 

21 September, the Data state inspectorate granted credit information bureau LICENCE no 1 to JSC Kredītinformācijas birojs, allowing the company to start its activities as a credit information bureau. The licence became valid immediately upon its issue.

 

 Receiving LICENCE NO 1 allows Kredītinformācijas Birojs to process the data obtained on individuals and transfer it for third parties to use. It also grants access to information from government information systems.

 

‘Having got the licence, we can say now that we have successfully completed the task we set for ourselves: being able to start productive business as a credit bureau. This Data State Inspectorate’s resolution lets us go hand in hand with companies in creating a better credit environment in our country; naturally, it also lets us achieve further goals,’ Jānis Timermanis, the chair of JSC Kredītinformācijas Birojs, said. He also pointed out that a number of bank and non-bank credit organisations, leasing companies, utility companies in Riga and other regions have already secured their cooperation with Kredītinformācijas Birojs, while more than 150 companies are currently negotiating on beginning to exchange data.

 

Working together with responsible and development-oriented companies, Kredītinformācijas Birojs provides the ability to compile credit histories of private individuals and companies. The Kredītinformācijas Birojs system uses certain algorithms for information processing, which allow determining the solvency and the creditworthiness of private individuals and companies, tracking their solvency, and notifying the creditors in advance and on-line about any changes in it.