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    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