JSC Development Finance Institution Altum
| Date: | 3.3.2026 |
|---|---|
| Country: | Latvia |
| Customer: | JSC Development Finance Institution Altum |
| Amount in EUR: | EUR 50 million |
| Maturity: | 7 years |
| Business sector: | Financial Institutions |
Project
The loan will be used to support SMEs across various sectors, including agriculture. Examples include investments in equipment (such as agricultural machinery, production machinery and equipment for service providers), property (including agricultural or production facilities), as well as working capital loans with maturities of up to three years.
ALTUM is 100% state-owned development finance institution providing financial instruments (loans, guarantees, and venture capital) to address market gaps, promote economic growth, and implement state support programs with a focus on SMEs, the green transition and agriculture.
Fulfilment of NIB's mandate
Productivity
The programme provides loans to SMEs across a wide range of sectors, covering both capital expenditure and working capital needs, with most loans below EUR 1 million. Typical financing supports equipment and heavy vehicles in forestry, agriculture, and manufacturing, as well as real estate construction and renovation for manufacturing, agricultural, and smaller service businesses. In addition, part of the programme is dedicated to small loans (below EUR 250,000) in rural areas.
Environmental
The loan programme targets SMEs and will address some environmental projects. It is estimated that environmental targeted loans would take up on average 37% share of the total loan.
Sustainability summary
ALTUM has systems to ensure that necessary project-related permits are in place prior to loan allocations.
