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International Internet Magazine. Baltic States news & analytics Wednesday, 07.12.2022, 23:05

Reserve capital of Altum to be increased by EUR 20 mln

BC, Riga, 06.11.2020.Print version
Reserve capital of Financial Development Institution Altum in Latvia will be increased by EUR 20 million, the institution said in a statement to the Nasdaq Riga stock exchange, cites LETA.

At the extraordinary shareholders’ meeting, decisions were made on the increase of the reserve capital and transfer of funds to the reserve capital to finance the crisis guarantee program.

Development Finance Institution Altum is a Latvia state-owned company that ensures access of the enterprises and households to the 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.

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