Corporate governance
Our values
Team
We work professionally in a unified team together with our customers and partners, thereby creating and implementing effective state aid programmes that are relevant to our client's needs
Excellence
Making use of our experience and creative perspective, we strive for excellence in everything we do. We constantly develop ourselves. We take on the complicated, yet finish with simplicity. We look at things and challenges creatively
Resposibility
We strive to reach our goals, pursue everyday work with efficiency, fairness and respect
Management documents
- Law on Development Finance Institution
- Articles of association
- Strategy
- Corporate governance principles
- Corporate governance report:
- Guidelines of Code of Ethics
Law on Governance of Capital Shares of a Public Person and Capital Companies
Shareholders’ representatives
Effective involvement of shareholders in decision-making helps to achieve the company’s financial and non-financial objectives and ensures its sustainability.
Supervisory Board
The members of Altum Supervisory Board have relevant experience and expertise, and possess a range of skills and knowledge, including in the financial sector, business development management as well as corporate strategy and financial management. The Supervisory Board is gender-balanced and respects the principles of diversity.
Līga Kļaviņa
Chairperson of the Supervisory Board
Deputy State Secretary for Financial Policy at the Ministry of Finance of the Republic of Latvia. Prior to that, she held several senior positions in the Ministry of Finance, representing the interests of the Latvian State in state-owned companies as well as working for a long time in international financial institutions.
Holder of a Master’s degree in Law from the Institute of International Affairs, University of Latvia.
Term of office: 26.12.2025
Ilze Baltābola
Member of the Supervisory Board
Experience in coordinating policies to improve the business environment and implementing business support programmes in Latvia. Deputy Director of the Department of Entrepreneurship Competitiveness, Ministry of Economics.
Graduated from the Faculty of Economics and Management at the University of Latvia with a Master’s degree in European Studies.
Term of office: For the time until a new candidate is selected in line with the procedures of nominating supervisory board members, according to the Law on Governance of Capital Shares of a Public Person and Capital Companies.
Jānis Šnore
Member of the Supervisory Board
15 years experience in financial management and planning, currently Deputy State Secretary at the Ministry of Agriculture of the Republic of Latvia.
Holder of a Master’s degree in Agricultural Science from the Latvian University of Agriculture and a diploma in International Economic Relations from the Institute of International Affairs, University of Latvia.
Term of office: For the time until a new candidate is selected in line with the procedures of nominating supervisory board members, according to the Law on Governance of Capital Shares of a Public Person and Capital Companies.
Gunta Darkevica
Head of the Audit Committee. Sworn auditor.
Longstanding experience with audit related fields. Fellow Member of UK Association of Chartered Certified Accountants (FCCA), Certified Internal Auditor (CIA) of the international Institute of Internal Auditors, Member of the Latvian Tax Consultants Association, certified tax consultant.
Obtained social sciences master’s degree in management science at the University of Latvia.
Term of office: 02.01.2025.
Ilze Baltābola
Member of the Audit Committee.
Deputy director of the Economics Ministry’s Department of Entrepreneurship Competitiveness.
She has a Master’s Degree in European Studies from the Faculty of Business Management and Economics of the University of Latvia.
Term of office: 02.01.2025.
Nils Sakss
Member of the Audit Committee.
Fiscal Policy Department director at the Ministry of Finance.
Prior to that, he worked as an expert in Ukraine, Croatia, Hungary, Libya and Slovenia, served as the director of the secretariat of the Education Innovation Fund and Society Integration Fund, director of the Strategic Planning Department and the European Integration and International Aid Coordination Department of the Ministry of Education and Science, as well as the Cultural, Education and Science Attaché at the Latvian Mission to the EU. Worked as a lecturer at the University of Latvia and was the council chairman of joint-stock company Latvijas Loto.
Holds a master’s degree in physics and economics from the University of Latvia.
Term of office: 02.01.2025.
Management Board
Reinis Bērziņš
Chairman of the Management Board
Business management and finance professional with extensive experience in managing companies and institutions.
Holder of a Master’s degree in International Finance and Banking from BA School of Business and Finance, a Master’s degree in Business Administration from the Swiss Business School and a Master’s degree in Law from the University of Latvia.
Main areas of responsibility: finance and resource management, sustainability management and human resources.
Chairman of the Advisers’ Convention of BA School of Business and Finance. Chairman of the Supervisory Board of Riga Stradiņš University.
Managing Altum since 12 October 2015.
Term of office: 26.05.2024.
Jēkabs Krieviņš
Member of the Management Board
Financial expert with more than 25 years of experience in the organisation and management of corporate lending, gained working in both the commercial banking and public financial institutions sectors.
Holder of a Master’s degree in Business and Institutional Management from Riga Business School, a Certificate in Banking from BA School of Business and Finance and a Bachelor’s degree in Economics from Latvia University of Agriculture.
Main areas of responsibility: IT and technology development, Altum’s customer and regional service centres, private housing guarantees, oversight of the Latvian Land Fund.
Member of the Board of the European Association of Guarantee Institutions (AECM).
Term of office: 26.05.2024.
Inese Zīle
Member of the Management Board
20 years experience in the financial sector, including more than 15 years managing various departments, as well as experience in the public sector.
Holder of a Master’s degree in International Economics and Business from the University of Latvia.
Main areas of responsibility: development and implementation of Altum’s state support programmes, energy efficiency in residential buildings, corporate client services, marketing and public relations.
Altum’s representative on the Council of the Finance Latvia Association. Member of the Supervisory Board of JSC Sadales tīkls.
Term of office: 26.05.2024.
Ieva Jansone-Buka
Member of the Management Board
Experience in the financial sector, working in senior positions in both commercial and corporate banking.
Holder of a Professional Master’s degree in business from the Stockholm School of Economics in Riga, a Bachelor’s degree in Management and Political Science from the University of Latvia.
Main areas of responsibility: venture capital financial instruments, organisation and management of the lending process, export guarantees, implementation of the social entrepreneurship and energy efficiency programmes, compliance and monitoring of client liabilities.
Member of the Supervisory board of SIA Tet.
Term of office: 17.03.2024.
Juris Jansons
Member of the Supervisory Board
More than 20 years of experience in operational compliance, financial crime prevention and risk management, gained in senior positions in the commercial banking sector.
A Master’s degree in Law from the University of Latvia. In addition to many years of experience in the field of anti-money laundering, a CAMS certificate obtained.
Main areas of responsibility: risk management, anti-money laundering and countering the financing of terrorism and proliferation, legal and administrative management.
Term of office: 08.01.2026.