Rietumu Banka has provided €5.95 million in financing to Astor Group for the construction of a residential development in Riga’s Torņakalns district. The loan will support the building project located at 9 Biešu Street. Astor Group plans to construct a modern apartment complex in the area. This investment signals continued confidence in the Latvian real estate market. The project aims to address housing demand in the rapidly developing Torņakalns neighborhood. Rietumu Banka is a leading independent financial institution in Latvia, while Astor Group is a prominent real estate developer. The financing agreement facilitates further urban development within the Latvian capital.