Luminor grants 21.8 million euros for construction of DEPO store in Riga

The DEPO warehouse store offers a wide range of home, garden, and renovation products.

"By continuously improving its internal systems and structure, as well as working on customer service, DEPO has established a strong position in its segment and has secured a strong foundation for future growth. The DEPO group's solid development strategy for the coming years allows for expansion and the construction of a new modern store. It's also encouraging that the company is increasingly conquering the Lithuanian and Estonian markets, continuing to expand in our neighbouring countries," says Ilze Zoltnere, Head of Corporate Banking at Luminor in Latvia.

In August 2021, a new DEPO store was opened in Riga, Kurzemes prospekts. Continuing its development in Lithuania, DEPO opened a new store in Šiauliai, Karaliaučiaus g., on 14 April 2023.

"Luminor Bank is our long-term partner in real estate financing and can be described as a stable, reliable, and flexible ally that understands the company's opportunities and needs. This cooperation allows DEPO customers in the Baltic States to shop in spacious, modern stores at low prices every day," says Viktors Baltrukovičs, CFO of DEPO.