Credit guarantees

To promote the implementation of green and sustainable projects and energy efficiency, the ALTUM merchant guarantee premium for sustainable investment projects has been reduced to 0%.

In order to increase the availability of finance for traders, the other merchant guarantee premiums have also been reduced to 0% per annum.

• Altum’s credit guarantee serves as an additional security for the company’s liabilities to the bank. The credit guarantee is issued to companies that have insufficient collateral to obtain a loan or to obtain a loan of the required amount, but have a transparent financial history and a positive creditworthiness.
• ALTUM guarantee is not a guarantee within the meaning of the Civil Code of the Republic of Latvia, but state support in the form of a financial instrument (guarantee) for the receipt of a financial service in case of insufficient collateralthe obligation of ALTUM assumed by the ALTUM Guarantee to be liable to the Financier for the unpaid principal amount of the Financial Service Agreement does not exempt the Merchant (including the Guarantors) from the obligation to repay the full amount of the Financial Service Agreement and incidental payments received in full