SIA Agro-Kaķenieki, one of the largest crop farming and dairy farming companies in the Dobele Municipality, has received EUR 4 million in financing from Signet Bank to support the company’s further development and strengthen its operations.
SIA Agro-Kaķenieki began operations in 1998 and is currently one of the largest agricultural enterprises in the Zemgale region. Based in Kaķenieki, Annenieki Parish, Dobele Municipality, the company specializes in dairy farming and crop production. Nearly all of its milk production is exported to Lithuania, while its crop production is sold on the Latvian market. Over the years, the company has consistently invested in modernizing its farm and improving production efficiency. Its investments have included the construction and renovation of cattle barns, the construction of a grain dryer and silage storage infrastructure, as well as improvements to the herd through the introduction of high-yield Holstein dairy cows.
“The development of SIA Agro-Kaķenieki has always been driven by our belief that competitive agriculture requires continuous improvement and investment in the future. In recent years, we have systematically developed the farm by investing both in the modernization of our production infrastructure and in improving the quality of our herd. This financing will enable us to continue implementing our long-term development plans, enhance operational efficiency, and maintain our competitiveness within the industry. We greatly value our cooperation with Signet Bank and its willingness to support our continued growth,” says Vasilijs Pravdivecs, Member of the Management Board at SIA Agro-Kaķenieki.
“Agriculture is one of the fundamental sectors of the Latvian economy, with significant export and growth potential. This is also reflected in export growth: in 2025, the export value of the product category comprising milk and dairy products, eggs, and honey increased by 26%, or EUR 135 million. The sector’s competitiveness will increasingly depend on companies’ ability to invest in modernization, productivity, and more efficient production processes. SIA Agro-Kaķenieki is a strong example of a company that has consistently developed its operations over the long term, creating a solid foundation for future growth. It is important for us to finance Latvian companies like this and provide capital to support competitive industries focused on exports and long-term development,” says Ineta Done, Member of the Management Board at Signet Bank.
About SIA Agro-Kaķenieki
SIA Agro-Kaķenieki is an agricultural company primarily engaged in dairy farming and crop production. The company is owned by Vasilijs Pravdivecs, who manages and develops the farm together with his son, Ēriks Pravdivecs. The company manages approximately 2,500 hectares of agricultural land, where it grows grains and rapeseed for sale, as well as feed crops for its livestock. Its herd comprises 1,620 head of cattle, including 900 dairy cows. The company sells approximately 10,000 metric tons of raw milk annually and employs an average of 64 people to support its operations.
About Signet Bank:
Signet Bank is Latvia’s leading investment bank. Founded in 1991, it is one of the first banks established following the restoration of Latvia’s independence. Signet Bank provides sustainable financing and investment solutions to local entrepreneurs and businesses. Since 2021, Signet Bank has helped more than 50 Latvian companies raise over EUR 1 billion through bond and equity issuances, while providing an additional EUR 500 million in new lending transactions. In 2025, assets under management reached EUR 1.7 billion. Signet Bank is the leading arranger of corporate bond and equity issuances in Latvia and one of the leading stockbrokers in the Baltic region. The Bank’s shareholders include 47 Latvian and international private investors. The largest shareholders are Signet Acquisition III (20.4%), wholly owned by U.S. investor Alexander Solovey; SIA Reglink (9.6%), founded by banking professional Irīna Pīgozne; and AS RIT Group (9.4%), a Latvian company owned by the Rapoport family.
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