Release date: 18 May 2020
Promoter – Financial Intermediary
ATTISTIBAS FINANSU INSTITUCIJA ALTUM ASLocation
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)
- Credit lines - Credit lines
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 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).