On 12 November 2026 JSC Development Finance Institution Altum will sign a loan agreement with the European Investment Bank (EIB), enabling ALTUM, as needed, to raise up to EUR 70 million to finance energy efficiency improvement projects in multi-apartment buildings across Latvia.

The funds raised under the agreement are intended to finance energy efficiency projects for multi-apartment buildings that have already been contracted, while also strengthening ALTUM’s capacity to implement future energy efficiency programmes.

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.