Signature(s)
Amount
€ 120,000,000
Countries
Sector(s)
Credit lines
: € 120,000,000
Signature date(s)
10/12/2021 : € 1,200,000
10/12/2021 : € 1,200,000
8/07/2020 : € 2,400,000
8/07/2020 : € 2,400,000
10/12/2021 : € 37,600,000
8/07/2020 : € 75,200,000
Link to source
Data sheet
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Summary sheet
Release date
18 May 2020
Status
Reference
Signed | 08/07/2020
20190679
Project name
Promoter - financial intermediary
ALTUM COVID-19 CRISIS RESPONSE LOAN FOR SMES
ATTISTIBAS FINANSU INSTITUCIJA ALTUM AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 120 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project, fully dedicated to Cohesion regions, consists of a loan to Altum, the National Promotional Institution in Latvia, as part of the EIB's economic response to the Covid-19 crisis.
The aim is to support the lending activity of Altum in covering the financing needs of small businesses affected by the pandemic crisis, mainly in Latvia.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
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