Reference: 20190679
Release date: 18 May 2020

Promoter – Financial Intermediary

ATTISTIBAS FINANSU INSTITUCIJA ALTUM AS

Location

Description

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.

Objectives

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.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 120 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 8/07/2020

Disclaimer

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

Related tags

Estonia Latvia Lithuania Credit lines