Luminor grants more than half a million euros to Dens dentistry

  • 2023-01-18

Luminor bank has granted a loan of 665 thousand euros to Dens dentistry for the construction of a new dental building in Cēsis.

The company has been successfully providing dental, oral surgery, and implant services in the Cēsis county and has achieved positive growth, doubling its turnover in the last two years.

"The decision to build a new dental building in Cēsis was taken two years ago, when the waiting list for patients to see our specialists reached several months. As a result of the high demand, specialists often had to work long hours and on weekends, so the number of dental staff was increased. The Luminor funding will help us in the construction of the new building to continue to attract additional specialists and provide additional capacity, which will enable us to reduce patient waiting lists. We will also have spacious, comfortable rooms for surgery and implant services. We expect that with the commissioning of the new dental clinic, the company's profitability, turnover, and number of clients will increase," says Monta Bērziņa, Member of the Board of SIA Dens.

The total indoor area of the new dental building is planned to be 545 square meters. The ground floor of the three-storey building will house a clinic with five surgeries, as well as X-ray, waiting, and rest rooms. The second floor will provide offices for tenants such as dental technicians and other specialists, while the third floor will provide short-term rental apartments for doctors and patients.

"Thanks to its long-standing and high-quality activity in healthcare, as well as long-term strategic thinking, this dentistry has managed not only to establish a stable and regular clientele in the Vidzeme region, but also to achieve excellent financial results. We have already supported the company in the past by providing a loan for the purchase of real estate, so we hope that the bank's support will enable the company to achieve new business goals and excellent results this time as well," says Ilze Zoltnere, Head of Corporate Banking at Luminor in Latvia.

About SIA Dens

SIA Dens is a dental services provider in Cēsis. In 2021, the dental practice started providing surgical and implant services, with additional specialists. The turnover of the company has shown a stable and positive trend so far.

About Luminor

Luminor is the leading independent bank in the Baltics and the third-largest provider of financial services in our region. We serve the financial needs of individuals, families, and companies. Like our home markets of Estonia, Latvia, and Lithuania we are young, dynamic, and forward looking.