In the 3 months of 2025 the new transactions of ALTUM support instruments amounted to 126 million euros, financing 2125 new projects. In the 3 months of 2025, compared to the corresponding period in 2024, the new transactions have increased in terms of volume (+29 million euros, +30%) and number of supported projects (+447 transactions, +27%).

Trends characterizing the reporting period:

• In the first 3 months of 2025, the increase in new guarantee volume observed in the last quarter of 2024 continues. The amount of new guarantees in the 3 month of 2025 is 49 million euros (+20 million euros compared to the corresponding period in 2024). The increased volume of guarantees during the 1st quarter is driven by a rapid increase of volumes issued in the individuals segment as well as in the SME and Midcap segment. The total volume of new guarantees in individuals segment during 3 months of 2025 reaches 30 million euros (+16 million euros). In this segment there is a stable increase in the guarantee portfolio for the EU Recovery and Resilience Facility’s guarantees for energy-efficiency projects of multi-apartment buildings, as well as for housing guarantees. The volume of new transactions in the SME and Midcap segment is 19 million euros (+5 million euros).
• Also, the increase in crediting pace that was observed throughout 2024 continues in the first three month of 2025. The amount of new loans in the 3 months of 2025 is 58 million euros (+11 million euros compared to the corresponding period in 2024).  The increased volume of loans issued in the 1st quarter was mainly driven by new volume in the EU Recovery and Resilience Facility’s programmes amounting to 17 million euros (+11 million euros).  The largest volume of new loans within the programmes of this facility were issued in the digital transformation programme and in the programme for energy-efficiency projects of multi-apartment buildings. A rapid increase in new volume is also observed in the SME and Midcap loan programmes, where loans issued in the first three months amounts 14 million euros (+7 million euros). Additionally, in the large investment loan programme with a capital rebate, loans issued in the first three months amount to 8 million euros (+4 million euros).
• In the 3 months of 2025, there is also a moderate increase in loans to companies with ticket size up to 100 thousand euros with decreased collateral requirements. This initiative was launched by ALTUM in early 2024 to promote the lending pace in the regions. 281 new transactions were issued in 3 months totaling 9 million euros, +4 million euros compared to the corresponding period in 2024.

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.