Attīstības finanšu institūcija Altum
Major Goals and Assignments of JSC Development Finance Institution Altum in Year 2020
Inside information, 2020-01-14 08:58 CET --
On 8 January 2020 the extraordinary shareholders’ meeting of JSC Development Finance Institution Altum (Altum) having approved the operational plan and budget of Altum for year 2020 based on the Altum’s Mid-term Operational Strategy for 2019 - 2021 has identified the following major goals and assignments for Altum in year 2020:
1.1. improvement of the Housing Guarantee Programme, including expansion of the range of beneficiaries;
1.2. digitalisation of the guarantees for enterprises.
2. Venture capital funds:
2.1. improvement of monitoring of venture capital funds;
2.2. maximisation of income through realisation of the investments made by the 2nd and 3rd generation venture capital funds.
3. Expansion of the energy efficiency programmes:
3.1. introduction of counter guarantees in co-operation with international financial institutions;
3.2. development of products for long-term funding of ESCO;
3.3. speeding up of implementation of the processes of the Programme for Improving Energy Efficiency in Multi-Apartment Residential Buildings.
4. Land Fund of Latvia:
4.1. substantial increase in the volume of the managed transactions anticipating a 50% rise in the volume of the fund’s portfolios.
4.2. issue of the bonds worth EUR 15-20 million for funding of the operations of the Land Fund.
5. New projects:
5.1. drafting of proposals for the financial instruments for the new programming period (2021 - 2027), preparatory works, including ALTUM Pillar Assessment;
5.2. introduction of the portfolio guarantees for studies;
5.3. financial instruments for innovative companies;
5.4. wider use of the guarantees of the international financial institutions for ALTUM loans under EUR 150 thousand.
JSC Development Finance Institution Altum, Investor Relations Division
Telephone:+371 67774023, +371 26165699