On December 18, 2025, the extraordinary meeting of shareholders of the joint-stock company "Development Financial Institution Altum" (hereinafter – ALTUM) approved the ALTUM’s operating plan and budget for the year 2026.

According to the ALTUM’s mid-term strategy 2025-2027, the following main goal and task of the ALTUM have been set for the year 2026 – by implementing state support programmes, ensure the growth of the ALTUM’s portfolio, maintaining a positive capital return and operational efficiency.

Main tasks for the year 2026 approved in meeting of shareholders:

1. Expansion of ALTUM’s operations in direct and combined financial instruments, responding dynamically to trends in funding availability and demand in the market of Latvia, while maintaining focus on launching the programmes under EU funds’ 2021–2027 programming period.
2. Ensuring the availability of financing for mortgage lending in areas outside the capital and its surrounding territories.
3. Achievement of the objectives of the Recovery and Resilience Facility (RRF) programs by 30 June 2026, while continuing the issuance of financial instruments in the second half of 2026 to ensure continuity and effectiveness of support.
4. Completion of ALTUM’s IT infrastructure modernization by finalizing the improvements of existing customer service and transactions processing systems initiated in 2025 towards modern and efficient solutions.

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.