Published: 2021-05-27 11:15:45 CEST
Attīstības finanšu institūcija Altum
Changes board/management/auditors

On Management Board members’ election

Inside information, 2021-05-27 11:15 CEST -- In view of the mandates of three Management Board members expiring in June, the Supervisory Board of JSC Development Finance Institution Altum decided on 27.05.2021 to elect Reinis Bērziņš, Jēkabs Krieviņš and Inese Zīle to the Management Board of Altum for a new term of office – three years. Out of the elected Management Board members the Supervisory Board appointed Reinis Bērziņš as the Management Board Chairman of JSC Development Finance Institution Altum. Also Ieva Jansone-Buka and Aleksandrs Bimbirulis  continues to hold the post of Management Board member.

JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvia 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 25 March 2019 Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The baseline credit assessment (BCA) was upgraded to investment grade rating baa3. 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 67774023, +371 26165699