JSC “Attīstības finanšu institūcija Altum” (ALTUM) hereby announces that, by an order of the Ministry of Agriculture dated 7 September 2026, Deputy State Secretary Liene Jansone has been appointed as the representative of the Ministry of Agriculture, acting as the holder of capital shares, in JSC “Attīstības finanšu institūcija Altum”.
Baiba Bāne, State Secretary of the Ministry of Finance, and Raivis Bremšmits, State Secretary of the Ministry of Economics, continue to represent the shareholders of ALTUM.
JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvian 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. On 28 January 2025 Moody’s Ratings affirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The rating as well as the short-term issuer rating at P-2, the same as affirmed on 2 February 2024. ALTUM is rated by Moody’s Finance Companies Methodology, published in July 2024. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.