Taking into account that the term of office of Ieva Jansone-Buka as the Member of the Management Board expires on March 17 of this year, the Supervisory Board of JSC Development Finance Institution Altum decided on January 25, 2024 to elect Ieva Jansone-Buka to the Management Board of the Altum for a new term of office – three years. Reinis Bērziņš continues to hold the position of the Chairman of the Management Board, and Jēkabs Krieviņš, Inese Zīle and Juris Jansons continue to hold the position of the Member of the Management Board.

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.

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.: +371 26165699
         E-mail: Laura.Lapkovska@altum.lv