Mortgage and Land Bank of Latvia

Mortgage and Land Bank of Latvia was incorporated in 1993 as a state-owned institution, and was initially known as Latvian Development Finance Institution Altum. The main aim of the organization was to implement different state aid and development programmes, providing support for specific categories of businesses and residents. In 2013, together with Latvian Gurantee Agency and Rural Development Fund, Mortgage and Land Bank of Latvia was consolidated into Development Finance Institution Altum (ALTUM). The company continues to implement various state aid programmes and offers financial instruments such as loans, guarantees, capital instruments and additional instruments, such as grants. ALTUM develops new aid programmes and financial instruments in cooperation with policy makers to advance the economy's development of Latvia.