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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Lithuania : € 3,600,000
    Estonia : € 3,600,000
    Latvia : € 112,800,000
    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

    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)
    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.

    Related projects
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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