|Attīstības finanšu institūcija Altum, AS (5493007HPQSSX8BJ4315)
|2.2. Iekšējā informācija
On December 14, 2023, the extraordinary meeting of shareholders of the joint-stock company "Development Financial Institution Altum" (hereinafter – ALTUM) approved the ALTUM’s operating plan and budget for year 2024.
According to the ALTUM’s mid-term strategy 2022-2024, the following main goal and task of the ALTUM have been set for year 2024 – by implementing support programmes, ensure the growth of the ALTUM’s portfolio, maintaining a positive capital return and efficiency.
To achieve the set goal and task:
JSC Development Finance Institution Altum is a Latvian state-owned company providing enterprises and households access to financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 16 December 2022 Moody’s Investors Service (Moody’s) affirmed the Company’s Baa1 long-term issuer rating, with outlook stable, same as affirmed on 25 March 2019. The baseline credit assessment (BCA) is also affirmed at Baa3, together with the short-term issuer rating at P-2. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.