LPB Bank issues financing for the reconstruction tennis club in Latvia’s Jelgava

  • 2023-01-25
  • Kristine Stalidzane

LPB Bank provided a loan of 310 thousand euros for the reconstruction project of the tennis club, within the framework of which a hangar and four tennis courts with a hard surface complying with international standards have already been built.

The new facilities were constructed in December 2022, and now the club is ready to provide tennis players with high-profile courts, which are also suitable for organizing local and international competitions. By implementing this project, a high-quality and modern sports infrastructure has been created in Jelgava, attracting the attention of locals and residents from nearby areas.

During the reconstruction, the infrastructure for persons with mobility restrictions was also created, enabling wheelchair users to play tennis. As well were created energy-efficient heating and energy-efficient LED lighting.

"We approached several Latvian banks with the intention to of implement the project, but chose LPB Bank because the bank believed in our project, supported it and offered the best cooperation model for the implementation. During the project, we established excellent and professional cooperation with LPB Bank," emphasized the representatives of the tennis club.

The association "Tennis Club Jelgava" was founded in 2017. The association's objectives are to popularize and develop tennis in Jelgava as part of a healthy lifestyle; ensure accessibility of tennis as a sport to every resident of Jelgava; offer training in tennis to children and young people; hold Latvian and international ranking competitions in Jelgava.

To achieve these goals was necessary to create a tennis hall in Jelgava that complies with international requirements, where children and adults of Jelgava could train and master tennis skills.

In 2017, the association acquired tennis infrastructure in Jelgava on the Lithuanian highway 68A, which required reconstruction. In 2018, the development of the project "Reconstruction of tennis club" was started; in 2019, the project developed by SIA "Arhitektūra un Vide" was approved, and in 2022, with the support of LPB Bank and the financial institution Altum, the tennis club reconstruction project began.