{"id":5796,"date":"2022-04-14T14:07:10","date_gmt":"2022-04-14T12:07:10","guid":{"rendered":"https:\/\/www.altum.lv\/financial-results\/"},"modified":"2026-01-12T14:45:50","modified_gmt":"2026-01-12T12:45:50","slug":"financial-information","status":"publish","type":"page","link":"https:\/\/www.altum.lv\/en\/investors\/financial-information\/","title":{"rendered":"Financial information"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5796\" class=\"elementor elementor-5796 elementor-1250\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section altum__default elementor-element elementor-element-721e51e elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"721e51e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-25d8198\" data-id=\"25d8198\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8783dbf elementor-widget elementor-widget-altum-tab-header2\" data-id=\"8783dbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-tab-header2.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n            <section class=\"topBanner topBanner-topicFamily topBanner-pb-0\"  style=\"background-image: url(https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/05\/Finansu-informacija.png)\">\n                <div class=\"container\">\n\t\t\t\t<div class=\"topBanner__breadcrumbs\"><a href=\"https:\/\/www.altum.lv\" class=\"topBannerBreadcrumb__link\">Altum<\/a><span class=\"topBannerBreadcrumb__indent\">-<\/span><\/div>\n                    <h1 class=\"topBanner__title topBanner__title-md\">\n                        Financial information\n                    <\/h1>\n                    <p class=\"topBanner__text\">\n                    \n                    <\/p>\n                    <div class=\"mobileScroll\">\n                        <div class=\"famWithChildTop__btnWrap famWithChildTop__topBanner\">\n                            <a href=\"javascript:;\" data-id=\"1\" class=\"famWithChildTop__btn testtest famWithChildTop__btn-active\">Financial results<\/a><a href=\"javascript:;\" data-id=\"2\" class=\"famWithChildTop__btn\">Key figures<\/a><a href=\"javascript:;\" data-id=\"3\" class=\"famWithChildTop__btn\">Financial and non-financial KPI's<\/a>\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/section>\n\t\t\n            <section>\n                <div class=\"container\">\n                    <div class=\"famWithChild__bottom\">\n                        <div class=\"container altum__headerTab-content\">\n\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/section>\n        \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section headerTab elementor-element elementor-element-6917225 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6917225\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-104fe35\" data-id=\"104fe35\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-071b3e4 elementor-widget elementor-widget-text-editor\" data-id=\"071b3e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 class=\"normal regular no-bordered-header bordered-normal\">Financial reports<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a40773d elementor-widget elementor-widget-html\" data-id=\"a40773d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe loading=\"lazy\" src=\"https:\/\/www.nasdaqbaltic.com\/statistics\/en\/ir\/f4623a09c9\/reports\" frameborder=\"0\" width=\"100%\" height=\"500px\" scrolling=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section headerTab elementor-element elementor-element-6c790f5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c790f5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5fd1784\" data-id=\"5fd1784\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54cb4bfc elementor-widget elementor-widget-shortcode\" data-id=\"54cb4bfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-34\" class=\"tablepress tablepress-id-34\">\n<thead>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><th class=\"column-2\">2024<\/th><th class=\"column-3\">2023<\/th><th class=\"column-4\">2022<\/th><th class=\"column-5\">2021<\/th><th class=\"column-6\">2020<\/th><th class=\"column-7\">2019<\/th><th class=\"column-8\">2018<\/th><th class=\"column-9\">2017<\/th><th class=\"column-10\">2016<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Key financial data<\/td><td class=\"column-2\">(audited)<\/td><td class=\"column-3\">(audited)<\/td><td class=\"column-4\">(audited)<\/td><td class=\"column-5\">(audited)<\/td><td class=\"column-6\">(audited)<\/td><td class=\"column-7\">(audited)<\/td><td class=\"column-8\">(audited)<\/td><td class=\"column-9\">(corrected)  <\/td><td class=\"column-10\">(corrected)  <\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Net interest income (EUR \u2019000)<\/td><td class=\"column-2\">23 026<\/td><td class=\"column-3\">17 765<\/td><td class=\"column-4\">16 974<\/td><td class=\"column-5\"> 16 717<\/td><td class=\"column-6\">14 572<\/td><td class=\"column-7\">11 569<\/td><td class=\"column-8\">11 302<\/td><td class=\"column-9\">11 602<\/td><td class=\"column-10\">11 024<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Operating profit (EUR \u2019000)<\/td><td class=\"column-2\">28 663<\/td><td class=\"column-3\">17 810<\/td><td class=\"column-4\">11 484<\/td><td class=\"column-5\">13 829<\/td><td class=\"column-6\">5 539<\/td><td class=\"column-7\">8 131<\/td><td class=\"column-8\">4 092<\/td><td class=\"column-9\">8 709<\/td><td class=\"column-10\">2 170<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Profit for the period (EUR \u2019000)<\/td><td class=\"column-2\">28 663<\/td><td class=\"column-3\">17 810<\/td><td class=\"column-4\">11 484<\/td><td class=\"column-5\">13 829<\/td><td class=\"column-6\">5 539<\/td><td class=\"column-7\">8 131<\/td><td class=\"column-8\">4 092<\/td><td class=\"column-9\">8 709<\/td><td class=\"column-10\">2 170<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Cost to income ratio (CIR)<\/td><td class=\"column-2\">23.32%<\/td><td class=\"column-3\">26.34%<\/td><td class=\"column-4\">38.83%<\/td><td class=\"column-5\">39.46%<\/td><td class=\"column-6\">47.51%<\/td><td class=\"column-7\">52.58%<\/td><td class=\"column-8\">74.84%<\/td><td class=\"column-9\">50.30%<\/td><td class=\"column-10\">88.40%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Employees<\/td><td class=\"column-2\">254<\/td><td class=\"column-3\">255<\/td><td class=\"column-4\">234<\/td><td class=\"column-5\">226<\/td><td class=\"column-6\">211<\/td><td class=\"column-7\">203<\/td><td class=\"column-8\">222<\/td><td class=\"column-9\">230<\/td><td class=\"column-10\">242<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Total assets (EUR \u2019000)<\/td><td class=\"column-2\">1 455 350<\/td><td class=\"column-3\"> 1 316 086<\/td><td class=\"column-4\">1 099 588<\/td><td class=\"column-5\">976 204<\/td><td class=\"column-6\">850 704<\/td><td class=\"column-7\">560 061<\/td><td class=\"column-8\">495 939<\/td><td class=\"column-9\">453 668<\/td><td class=\"column-10\">443 400<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Financial debt (EUR \u2019000)<\/td><td class=\"column-2\">755 011<\/td><td class=\"column-3\">599 305<\/td><td class=\"column-4\">458 382<\/td><td class=\"column-5\">360 909<\/td><td class=\"column-6\">342 490<\/td><td class=\"column-7\">217 943<\/td><td class=\"column-8\">177 249<\/td><td class=\"column-9\">146 157<\/td><td class=\"column-10\">141 854<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Tangible common equity (TCE) \/ Total tangible managed assets (TMA) \u00b9 <\/td><td class=\"column-2\">21.6%<\/td><td class=\"column-3\">23.4%<\/td><td class=\"column-4\">27.0%<\/td><td class=\"column-5\">33.82%<\/td><td class=\"column-6\">33.56%<\/td><td class=\"column-7\">29.40%<\/td><td class=\"column-8\">31.70%<\/td><td class=\"column-9\">35.10%<\/td><td class=\"column-10\">36.50%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Equity and reserves (EUR \u2019000)<\/td><td class=\"column-2\">416 055<\/td><td class=\"column-3\">389 353<\/td><td class=\"column-4\">395 983<\/td><td class=\"column-5\">440 736<\/td><td class=\"column-6\">382 594<\/td><td class=\"column-7\">232 738<\/td><td class=\"column-8\">221 590<\/td><td class=\"column-9\">222 848<\/td><td class=\"column-10\">210 406<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Return on avarage equity (ROE)<\/td><td class=\"column-2\">7.1%<\/td><td class=\"column-3\">4.5%<\/td><td class=\"column-4\">2.7%<\/td><td class=\"column-5\">3.4%<\/td><td class=\"column-6\">1.8%<\/td><td class=\"column-7\">3.6%<\/td><td class=\"column-8\"><\/td><td class=\"column-9\"><\/td><td class=\"column-10\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Total risk coverage: (EUR \u2019000)<\/td><td class=\"column-2\">309 853<\/td><td class=\"column-3\">281 355 \u00b2<\/td><td class=\"column-4\">297 218<\/td><td class=\"column-5\">285 954<\/td><td class=\"column-6\">180 205<\/td><td class=\"column-7\">87 456<\/td><td class=\"column-8\">77 815<\/td><td class=\"column-9\">67 593<\/td><td class=\"column-10\">66 508<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Risk coverage reserve<\/td><td class=\"column-2\">269 321<\/td><td class=\"column-3\"> 226 793 \u00b2<\/td><td class=\"column-4\">230 524<\/td><td class=\"column-5\">159 196<\/td><td class=\"column-6\">112 567<\/td><td class=\"column-7\">99 778<\/td><td class=\"column-8\">85 276<\/td><td class=\"column-9\">62 651<\/td><td class=\"column-10\">63 636<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Risk coverage reserve used for provisions<\/td><td class=\"column-2\">(46 585)<\/td><td class=\"column-3\">(42 078)<\/td><td class=\"column-4\">(38 039)<\/td><td class=\"column-5\">(29 496)<\/td><td class=\"column-6\">(28 197)<\/td><td class=\"column-7\">(27 829)<\/td><td class=\"column-8\">(19 268)<\/td><td class=\"column-9\">(4 753)<\/td><td class=\"column-10\">(4 323)<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Portfolio loss reserve (specific reserve capital)<\/td><td class=\"column-2\">85 736<\/td><td class=\"column-3\">96 587<\/td><td class=\"column-4\">109 979<\/td><td class=\"column-5\">159 700<\/td><td class=\"column-6\">102 264<\/td><td class=\"column-7\">15 507<\/td><td class=\"column-8\">11 807<\/td><td class=\"column-9\">9 695<\/td><td class=\"column-10\">7 195<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Portfolio loss reserve used to compensate provisions in the distribution of annual profit<\/td><td class=\"column-2\">1 381<\/td><td class=\"column-3\">53 <\/td><td class=\"column-4\">(5 246)<\/td><td class=\"column-5\">(3 446)<\/td><td class=\"column-6\">(6 429)<\/td><td class=\"column-7\">-<\/td><td class=\"column-8\">-<\/td><td class=\"column-9\">-<\/td><td class=\"column-10\">-<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Liquidity ratio for 180 days \u00b3<\/td><td class=\"column-2\">324%<\/td><td class=\"column-3\">430%<\/td><td class=\"column-4\">366%<\/td><td class=\"column-5\">518%<\/td><td class=\"column-6\">464%<\/td><td class=\"column-7\">582%<\/td><td class=\"column-8\">227%<\/td><td class=\"column-9\">482%<\/td><td class=\"column-10\">449%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Net Cash flows from operating activities (EUR \u2019000)<\/td><td class=\"column-2\">135 234<\/td><td class=\"column-3\">35 724 \u2074<\/td><td class=\"column-4\">89 535<\/td><td class=\"column-5\">49 555<\/td><td class=\"column-6\">21 966<\/td><td class=\"column-7\">39 813<\/td><td class=\"column-8\">7 997<\/td><td class=\"column-9\">(10 146)<\/td><td class=\"column-10\">34 518<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Net Cash flows from financing activities (EUR \u2019000)<\/td><td class=\"column-2\">4 579<\/td><td class=\"column-3\"> 9 009<\/td><td class=\"column-4\">3 525<\/td><td class=\"column-5\">43 768<\/td><td class=\"column-6\">165 800<\/td><td class=\"column-7\">18 700<\/td><td class=\"column-8\">12 013<\/td><td class=\"column-9\">22 299<\/td><td class=\"column-10\">5 560<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Net Cash flow from investing activities (EUR \u2019000)<\/td><td class=\"column-2\">(249 994)<\/td><td class=\"column-3\">(18 467) \u2074<\/td><td class=\"column-4\">(8 437)<\/td><td class=\"column-5\">4 553<\/td><td class=\"column-6\">(4 016)<\/td><td class=\"column-7\">(11 230)<\/td><td class=\"column-8\">8 307<\/td><td class=\"column-9\">3 891<\/td><td class=\"column-10\">759<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Support instruments gross value (EUR \u2019000), of which<\/td><td class=\"column-2\">1 177 888<\/td><td class=\"column-3\">1 101 797<\/td><td class=\"column-4\">1 064 821<\/td><td class=\"column-5\">979 130<\/td><td class=\"column-6\">872 302<\/td><td class=\"column-7\">667 649<\/td><td class=\"column-8\">553 628<\/td><td class=\"column-9\">465 724<\/td><td class=\"column-10\"><\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Financial instruments gross value (EUR \u2019000) <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td><td class=\"column-8\"><\/td><td class=\"column-9\"><\/td><td class=\"column-10\"><\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Loans (excluding sales and leaseback transactions)<\/td><td class=\"column-2\">418 079<\/td><td class=\"column-3\">359 246<\/td><td class=\"column-4\"> 311 844<\/td><td class=\"column-5\">315 674<\/td><td class=\"column-6\">302 481<\/td><td class=\"column-7\">225 144<\/td><td class=\"column-8\">210 208<\/td><td class=\"column-9\">207 065<\/td><td class=\"column-10\">217 429<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Guarantees<\/td><td class=\"column-2\">523 538<\/td><td class=\"column-3\">480 025<\/td><td class=\"column-4\">481 013<\/td><td class=\"column-5\">414 978<\/td><td class=\"column-6\">359 605<\/td><td class=\"column-7\">284 232<\/td><td class=\"column-8\">236 895<\/td><td class=\"column-9\">182 376<\/td><td class=\"column-10\">147 175<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Venture capital funds<\/td><td class=\"column-2\">97 999<\/td><td class=\"column-3\">97 456<\/td><td class=\"column-4\">90 277<\/td><td class=\"column-5\">85 973<\/td><td class=\"column-6\">73 165<\/td><td class=\"column-7\">68 331<\/td><td class=\"column-8\">59 698<\/td><td class=\"column-9\">62 299<\/td><td class=\"column-10\">64 785<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Land Fund, of which: \u2075<\/td><td class=\"column-2\">135 113<\/td><td class=\"column-3\"> 96 938<\/td><td class=\"column-4\">80 542<\/td><td class=\"column-5\">79 163<\/td><td class=\"column-6\">68 258<\/td><td class=\"column-7\">39 634<\/td><td class=\"column-8\">21 717<\/td><td class=\"column-9\">11 328<\/td><td class=\"column-10\">4 635<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">           - sales and leaseback transactions<\/td><td class=\"column-2\">42 137<\/td><td class=\"column-3\">28 692<\/td><td class=\"column-4\">27 089<\/td><td class=\"column-5\">32 999<\/td><td class=\"column-6\">31 500<\/td><td class=\"column-7\">15 268<\/td><td class=\"column-8\">6 923<\/td><td class=\"column-9\">520<\/td><td class=\"column-10\">-<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">           - investment properties<\/td><td class=\"column-2\">92 976<\/td><td class=\"column-3\">68 246<\/td><td class=\"column-4\">53 453<\/td><td class=\"column-5\">46 164<\/td><td class=\"column-6\">36 758<\/td><td class=\"column-7\">24 366<\/td><td class=\"column-8\">14 794<\/td><td class=\"column-9\">10 808<\/td><td class=\"column-10\">4 635<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">Total<\/td><td class=\"column-2\">1 174 729<\/td><td class=\"column-3\">1 033 665<\/td><td class=\"column-4\">963 676<\/td><td class=\"column-5\">895 788<\/td><td class=\"column-6\">803 509<\/td><td class=\"column-7\">617 341<\/td><td class=\"column-8\">528 518<\/td><td class=\"column-9\">463 068<\/td><td class=\"column-10\">434 024<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Number of transactions<\/td><td class=\"column-2\">38 730<\/td><td class=\"column-3\">35 260<\/td><td class=\"column-4\">33 796<\/td><td class=\"column-5\">30 978<\/td><td class=\"column-6\">26 578<\/td><td class=\"column-7\">22 437<\/td><td class=\"column-8\">18 603<\/td><td class=\"column-9\">14 655<\/td><td class=\"column-10\">11 561<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Volumes issued (EUR \u2019000) (by financial instrument) <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td><td class=\"column-8\"><\/td><td class=\"column-9\"><\/td><td class=\"column-10\"><\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Loans (excluding sales and leaseback transactions)<\/td><td class=\"column-2\">221 741<\/td><td class=\"column-3\">141 993<\/td><td class=\"column-4\">95 820<\/td><td class=\"column-5\">100 966<\/td><td class=\"column-6\">138 238<\/td><td class=\"column-7\">64 320<\/td><td class=\"column-8\">59 608<\/td><td class=\"column-9\">51 349<\/td><td class=\"column-10\">59 465<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Guarantees<\/td><td class=\"column-2\">142 902<\/td><td class=\"column-3\">99 440<\/td><td class=\"column-4\">153 067<\/td><td class=\"column-5\">126 997<\/td><td class=\"column-6\">137 425<\/td><td class=\"column-7\">98 240<\/td><td class=\"column-8\">88 765<\/td><td class=\"column-9\">68 615<\/td><td class=\"column-10\">56 109<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Venture capital funds<\/td><td class=\"column-2\">15 745<\/td><td class=\"column-3\">23 920<\/td><td class=\"column-4\">18 526<\/td><td class=\"column-5\">29 158<\/td><td class=\"column-6\">14 014<\/td><td class=\"column-7\">9 022<\/td><td class=\"column-8\">4 149<\/td><td class=\"column-9\">2 638<\/td><td class=\"column-10\">21 356<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Land Fund, of which: \u2075<\/td><td class=\"column-2\">40 506<\/td><td class=\"column-3\">17 676<\/td><td class=\"column-4\">7 414<\/td><td class=\"column-5\">10 595<\/td><td class=\"column-6\">28 191<\/td><td class=\"column-7\">16 384<\/td><td class=\"column-8\">10 823<\/td><td class=\"column-9\">6 359<\/td><td class=\"column-10\">3 704<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">           - sales and leaseback transactions<\/td><td class=\"column-2\">19 692<\/td><td class=\"column-3\">7 916<\/td><td class=\"column-4\">3 105<\/td><td class=\"column-5\">3 254<\/td><td class=\"column-6\">16 796<\/td><td class=\"column-7\">7 239<\/td><td class=\"column-8\">6 835<\/td><td class=\"column-9\">520<\/td><td class=\"column-10\">-<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">           - investment properties<\/td><td class=\"column-2\">20 814<\/td><td class=\"column-3\">9 760<\/td><td class=\"column-4\">4 309<\/td><td class=\"column-5\">7 341<\/td><td class=\"column-6\">11 395<\/td><td class=\"column-7\">9 145<\/td><td class=\"column-8\">3 988<\/td><td class=\"column-9\">5 839<\/td><td class=\"column-10\">3 704<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">Total<\/td><td class=\"column-2\">420 894<\/td><td class=\"column-3\">283 029<\/td><td class=\"column-4\">274 827<\/td><td class=\"column-5\">267 716<\/td><td class=\"column-6\">317 868<\/td><td class=\"column-7\">187 966<\/td><td class=\"column-8\">163 345<\/td><td class=\"column-9\">128 961<\/td><td class=\"column-10\">140 634<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">Number of transactions<\/td><td class=\"column-2\">6 710<\/td><td class=\"column-3\">4 846<\/td><td class=\"column-4\">6 539<\/td><td class=\"column-5\">6 579<\/td><td class=\"column-6\">6 147<\/td><td class=\"column-7\">5 559<\/td><td class=\"column-8\">5 590<\/td><td class=\"column-9\">4 839<\/td><td class=\"column-10\">4 537<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">Total contribution to economy, including the participation of the final recipients (EUR \u2019000)<\/td><td class=\"column-2\">978 319<\/td><td class=\"column-3\">946 008<\/td><td class=\"column-4\">765 577<\/td><td class=\"column-5\">791 646<\/td><td class=\"column-6\">696 306<\/td><td class=\"column-7\">531 661<\/td><td class=\"column-8\">460 045<\/td><td class=\"column-9\">370 560<\/td><td class=\"column-10\">359 706<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">Leverage for raised private funding<\/td><td class=\"column-2\">129%<\/td><td class=\"column-3\">229%<\/td><td class=\"column-4\">123%<\/td><td class=\"column-5\">177%<\/td><td class=\"column-6\">114%<\/td><td class=\"column-7\">142%<\/td><td class=\"column-8\">162%<\/td><td class=\"column-9\">185%<\/td><td class=\"column-10\">162%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">Volume of support programmes funding per employee (EUR \u2019000)<\/td><td class=\"column-2\">4 625<\/td><td class=\"column-3\">4 054<\/td><td class=\"column-4\">4 118<\/td><td class=\"column-5\">3 964<\/td><td class=\"column-6\">3 808<\/td><td class=\"column-7\">3 041<\/td><td class=\"column-8\">2 381<\/td><td class=\"column-9\">2 013<\/td><td class=\"column-10\">1 793<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">Long-term rating assigned by Moody\u2019s Investors Service<\/td><td class=\"column-2\">Baa1<\/td><td class=\"column-3\">Baa1<\/td><td class=\"column-4\">Baa1<\/td><td class=\"column-5\">Baa1<\/td><td class=\"column-6\">Baa1<\/td><td class=\"column-7\">Baa1<\/td><td class=\"column-8\">Baa1<\/td><td class=\"column-9\">Baa1<\/td><td class=\"column-10\">-<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td><td class=\"column-8\"><\/td><td class=\"column-9\"><\/td><td class=\"column-10\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-34 from cache --><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f3f8c74 elementor-widget elementor-widget-text-editor\" data-id=\"5f3f8c74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 12px; color: #808080;\">\u00b9 TMA includes off-balance sheet item outstanding guarantees.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12px; color: #808080;\">\u00b2 As of Q3 2024 Risk Coverage Reserve excludes the public funding for full coverage of potential capital rebate component. Thus 1) restated comparatives for Risk Coverage Reserve as at 31 December 2023 are EUR 226 793 thousand instead of EUR 315 649 thousand and 2) restated comparatives for Total Risk Coverage as at 31 December 2023 are EUR 281 355 thousand instead of EUR 370 211 thousand.<\/span><\/p>\n<p><span style=\"font-size: 12px; color: #808080;\">\u00b3 Liquidity ratio calculation takes into account the previous experience and management estimate of expected amount and timing of guarantees claims.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12px;\"><span style=\"color: #808080;\">\u2074\u202c As of Q2 2024 Term deposits increase is reclassified within Cash flows from investment activities from Cash flows from operating activities. Thus restated comparatives for Net cash flows from operating activities as at 31 December 2023 should be EUR 138 724 thousand instead of EUR 35 724 thousand and restated comparatives for Net cash flows from investing activities as at 31 December 2023 should be EUR (121 467) thousand instead of EUR (18 467) thousand.<\/span><br \/><span style=\"color: #808080;\">\u2075 Taking into account the significance of the volume, Latvian Land Fund portfolio, which consists of sales and leaseback transactions and investment properties, is also presented in the operational volumes for the period. As in compliance with the accounting principles and IFRS the sales and leaseback transactions are accounted for under the loans, the loan volume in this table has been reduced for the volume of the sales and leaseback transactions as it is recorded under Latvian Land Fund portfolio.<\/span><br \/><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e90ba45 elementor-widget elementor-widget-text-editor\" data-id=\"e90ba45\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Definitions of ratios<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58dfa4d elementor-widget elementor-widget-altum-text-accordion\" data-id=\"58dfa4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-text-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t\n            <div class=\"question__content question__content-2\">\n                \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Net interest income\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cNet interest income\u201d is equal to the item \u201cNet interest income\u201d in the Statement of Comprehensive Income. Until 2018 this ratio included the following items of the Statement of Comprehensive Income: \u201cNet interest income\u201d and \u201cNet income from fees and commissions\u201d. In 2019 following the industry practise fee and commission income from lending activities is reclassified to \u201cNet interest income\u201d from \u201cNet income from fees and commissions\u201d. Subsequently the fee and commission income not related to lending activities is reclassified within \u201cOther income\u201d and as such is not included in this ratio. The item \u201cNet income from fees and commissions\u201d is not applicable in the Statement of Comprehensive Income anymore. The comparatives have been reclassified accordingly. Altum uses this indicator as the key financial metric for profitability by evaluating Altum net income amount generated by the portfolio of financial instruments and recognised in the Statement of Comprehensive income. Altum management measures and monitors the actual performance of this indicator on a quarterly basis compared to the approved level in Altum budget.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Operating profit\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cOperating profit\u201d is calculated by deducting \u201cOperating expenses\u201d from \u201cOperating income before operating expenses\u201d included in the Statement of Comprehensive Income. \u201cOperating expenses\u201d is calculated as the sum of \u201cStaff costs\u201d, \u201cAdministrative expense\u201d, \u201cAmortisation of intangible assets and depreciation of property, plant and equipment\u201d and \u201cAllowance for expected credit losses\u201d included in the Statement of Comprehensive Income.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Cost to income ratio (CIR)\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cCost to income ratio\u201d (CIR) is calculated by dividing the amount of \u201cStaff costs\u201d, \u201cAdministrative expense\u201d, \u201cAmortisation of intangible assets and depreciation of property, plant and equipment\u201d by \u201cOperating income before operating expenses\u201d included in the Statement of Comprehensive Income. Altum uses CIR to evaluate the operational efficiency. This is one of the measures of operational efficiency which Altum management assesses on a quarterly basis in the management reports to evaluate the outputs from different operational activities and efficiency improving measures.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Financial debt\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cFinancial debt\u201d is calculated as the sum of \u201cDue to credit institutions\u201d, \u201cDue to general government entities\u201d, \u201cFinancial liabilities at amortised cost \u2013 issued debt securities\u201d and \u201cSupport programme funding\u201d included in the Statement of Financial Position less difference between \u201cRisk Coverage Reserve\u201d and \u201cRisk Coverage Reserve Used for Provisions\u201d.<\/p>\n<p>\u201cRisk Coverage Reserve\u201d is disclosed in the Note on Support Programme Funding to the Financial statements of Altum. \u201cRisk Coverage Reserve Used for Provisions\u201d is the amount of \u201cRisk Coverage Reserve\u201d allocated to and used for allowance for expected credit losses on loan portfolio and guarantees which in its turn is disclosed in the Note on Support Programme Funding to the Financial statements of Altum.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Tangible common equity (TCE) \/ Tangible managed assets (TMA)\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <table width=\"646\">\n<tbody>\n<tr>\n<td width=\"506\">\n<p>\u201cTangible Common Equity\u201d (TCE) is calculated by subtracting the revaluation reserve of financial assets measured at fair value through Other Comprehensive Income.<\/p>\n<p>The amount of \u201cTotal managed assets\u201d (TMA) is calculated by adding the guarantees shown as off-balance sheet items to the total assets of Altum taking into account provisions for these guarantees and subtracting \u201cDeferred expense\u201d, \u201cAccrued income\u201d, \u201cProperty, plant and equipment\u201d, \u201cIntangible assets\u201d and \u201cOther assets\u201d.<\/p>\n<p>Data for the calculation of both indicators (TCE, TMA) are obtained from Altum Financial statements: Statement of Financial Position and Statement of Changes in Equity, notes - Off balance sheet items and contingent liabilities and Provisions. ALTUM uses the ratio \u201cTCE\/TMA\u201d to evaluate Altum capital position adequacy and to measure Altum tangible common equity in terms of Altum tangible managed assets including the off-balance sheet item Guarantee portfolio. The Risk, Assets and Liabilities Management Committee of Altum monitors its level on a quarterly basis.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Return on average equity (ROE)\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\"Return on average equity\" (ROE) is calculated by dividing the \"Profit for the period\" of the relevant period, converted into annual terms, by the average amount of \"Equity and reserves\" at the beginning and end of the period.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Total risk coverage\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cTotal Risk Coverage\u201d is the net funding available for covering the expected credit losses of the support programmes implemented by Altum. \u201cTotal Risk Coverage\u201d is calculated as the total of \u201cRisk Coverage Reserve\u201d and \u201cPortfolio Loss Reserve (Specific Capital Reserves)\u201d less \u201cRisk Coverage Reserve Used for Provisions\u201d and \u201cPortfolio loss reserve used to compensate provisions upon approval of the annual report\u201d. The expected credit losses are estimated before implementation of the respective support programme and part of the public funding received under respective support programme for coverage of expected credit losses is transferred either to \u201cPortfolio Loss Reserve\u201d as Altum specific capital reserve or accounted separately as provisions for risk coverage under liabilities item \u201cRisk Coverage Reserve\u201d. \u201cPortfolio Loss Reserve (specific capital reserve)\u201d is disclosed in the Note on Reserves to the Financial statements of the Altum. \u201cRisk Coverage Reserve\u201d is disclosed in the Note on Support Programme Funding to the Financial statements of Altum. \u201cRisk Coverage Reserve Used for Provisions\u201d is the amount of \u201cRisk Coverage Reserve\u201d allocated to and used for allowance for expected credit losses on loan portfolio and guarantees which in its turn is disclosed in the Note on Support Programme Funding to the Financial statements of Altum. \u201cPortfolio loss reserve used to compensate provisions upon approval of the annual report\u201d is disclosed in the Note on Reserves to the Financial statements of the Altum.<\/p>\n<p>\u201cTotal Risk Coverage\u201d is key indicator to be used for assessment of Altum risk coverage on implemented programmes and long-term financial stability. <\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            180-day liquidity ratio\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201c180-days-liquidity ratio\u201d is calculated by dividing the amount of the balances \u201cDue from other credit institutions and the Treasury\u201d with a maturity of up to 1 month and \u201cFinancial assets at fair value through other comprehensive income - investment securities\u201d by the amount of the total liabilities maturing within 6 months and total financial commitments maturing within 6 months (off-balance sheet items. The data required for the calculation of the \u201c180-days liquidity ratio\u201d is disclosed in the following Altum Financial statements: Statement of Financial Position and notes \u2013 Maturity profile of assets and liabilities under the section of Risk Management, Off-balance sheet items and contingent liabilities. Altum uses the \u201c180-days-liquidity ratio\u201d to assess and monitor Altum ability to fulfil Altum contractual and\/or contingent liabilities during 6 months with the currently available liquidity resources. \u201c180-days-liquidity ratio\u201d helps to manage Altum\u2019s liquidity risk in line with Altum funding management objectives and risk framework. Risk, Assets and Liabilities Management Committee of Altum monitors its level on a quarterly basis.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Support instruments gross value\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cSupport instruments gross value\u201d is calculated as the sum of the gross values of the portfolios of grants, loans, guarantees, venture capital funds and Latvian Land Fund.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Total contribution to the economy, including the participation of the final recipients, by volumes issued in the period\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201c'Total contribution to the economy, including the participation of the final recipients, by volumes issued in the period\u201d is calculated by adding the financing provided by the private co-financier and the project promoter to the volumes issued by Altum.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Leverage for raised private funding\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\u201cLeverage for raised private funding\u201d indicates the amount of additional private funding invested in a project in addition to Altum financing. \u201cLeverage for raised private funding\u201d is determined considering the financing invested by a private co-financier and a project\u2019s implementer.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Employees\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>Average number of full time employees in the report period excluding members of the Supervisory Board and the Audit Committee.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Volume of support programmes funding per employee\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>\"Support programmes funding per employee\" is calculated by dividing the gross value of the Financial Instruments Portfolio by \u201cEmployees\u201d.<\/p>\n                    <\/div>\n                <\/div>\n            \n                <div tabindex=\"0\" class=\"question__row\">\n                    <div class=\"questionRow__top\">\n                        <div class=\"questionRowTop__text\">\n                            Venture capital\n                        <\/div>\n                        <div class=\"questionRowTop__arrowWrap\">\n                            <span class=\"questionRowTop__arrow\"><\/span>\n                        <\/div>\n                    <\/div>\n                    <div class=\"questionRow__bottom\" style=\"display: none;\">\n                        <p>The Venture Capital Funds presented at their gross value.<\/p>\n                    <\/div>\n                <\/div>\n            \n            <\/div>\n        \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section headerTab elementor-element elementor-element-91f986f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91f986f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-259a3b2\" data-id=\"259a3b2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-167f525 elementor-widget elementor-widget-text-editor\" data-id=\"167f525\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>According to the Altum\u2019s <a href=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2023\/06\/ALTUM-Strategijas-izraksts-publicesanai_2_apstiprinata-padome_20220309-eng.pdf\" target=\"_blank\" rel=\"noopener\">&#8220;Mid-term Operational Strategy 2022 -2024&#8221;<\/a>, the following <strong>key financial targets<\/strong> on Altum&#8217;s financial operations and <strong>non-financial targets<\/strong> driven by Altum strategic objectives, regulatory framework and policy planning documents in order to ensure the performance of functions assigned to public entity, were set:<\/p>\n<ul>\n<li>The Strategy anticipates a moderate increase in the volume of new transactions, with the volume of new transactions growing by 3.24% by 2024;<\/li>\n<li>Altum&#8217;s gross portfolio of financial instruments is expected to grow at an average annual rate of 10%, reaching a total portfolio size of EUR\u00a01.3 billion by the end of 2024;<\/li>\n<li>Contribution to economy by Altum volumes issued characterises a projected increase in Altum\u2019s impact on economic development by facilitating mobilisation of private capital and financial resources in the priority areas. In 2024, this indicator is planned at EUR 773 million level;<\/li>\n<li><em>Return on Equity<\/em> (ROE) is planned to remain above 1.3% during the Strategy implementation period;<\/li>\n<li><em>Equity<\/em> at the end of the reporting year is expected to show positive dynamics;<\/li>\n<li>To ensure Altum&#8217;s financial efficiency, the Cost-to-Income Ratio is planned to be no more than 65%.<\/li>\n<\/ul>\n<h3>\u00a0<\/h3>\n<h3><strong>Perfomance of financial and non-financial KPI\u2019s<\/strong>:\u00a0<\/h3>\n<ul style=\"list-style-type: circle;\">\n<li><a href=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/04\/financial_non-financial_targets_2024.pdf\" target=\"_blank\" rel=\"noopener\">2024<\/a><\/li>\n<\/ul>\n<p>Excerpt from <a href=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2025\/04\/Altum_CorporateGovernanceReport_2024_ENG.pdf\" target=\"_blank\" rel=\"noopener\">Corporate Governance Report 2024<\/a> (available on altum.lv section <a href=\"https:\/\/www.altum.lv\/en\/about-altum\/sustainability-and-corporate-governance?tab=3\" target=\"_blank\" rel=\"noopener\">Corporate governance<\/a>), which is part of <a href=\"https:\/\/www.altum.lv\/en\/investors\/financial-information\/?tab=1\" target=\"_blank\" rel=\"noopener\">the audited Annual Report 2024.<\/a><\/p>\n<ul style=\"list-style-type: circle;\">\n<li><a href=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2024\/05\/Fin_nefin_merki_KPZ_GP_2023_ENG.pdf\" target=\"_blank\" rel=\"noopener\">2023<\/a><\/li>\n<li><a href=\"https:\/\/www.altum.lv\/wp-content\/uploads\/2023\/06\/Altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2022_gada.docx\">2022<\/a><\/li>\n<li><a href=\"\/wp-content\/uploads\/2022\/07\/altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2021_gada_kopa_12052022.docx\">2021<\/a><\/li>\n<li><a href=\"\/wp-content\/uploads\/2022\/07\/altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2020_gada_3-1.docx\">2020<\/a><\/li>\n<li><a href=\"\/wp-content\/uploads\/2022\/07\/altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2019_gada.docx\">2019<\/a><\/li>\n<li><a href=\"\/wp-content\/uploads\/2022\/07\/altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2018_gada.docx\">2018<\/a><\/li>\n<li><a href=\"\/wp-content\/uploads\/2022\/07\/altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2017_gada_ml_93689.docx\">2017<\/a><\/li>\n<li><a href=\"http:\/\/v\/wp-content\/uploads\/2022\/07\/altum_finansu_un_nefinansu_merku_istenosanas_rezultati_2016_un_2015_gada_ml.docx\" data-wplink-url-error=\"true\">2016 and 2015<\/a><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section altum__default elementor-element elementor-element-9c7bca5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9c7bca5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53aa62c\" data-id=\"53aa62c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0e8f058 elementor-widget elementor-widget-altum-employees\" data-id=\"0e8f058\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"altum-employees.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t\t<section class=\"consultants consultants-bt\" style=\"margin-top: 10px; margin-bottom: 60px\">\n\t\t\t\t\t\n\t\t\t\t\t\t<div class=\"consultants__wrap\" \">\n\t\t\t\t\t\t\t<h2 class=\"consultants__h2\" tabindex=\"0\">Contacts for Investor relations<\/h2>\n\t\t\t\t\t\t\t<div class=\"consultants__content\">\n\t\t\t\t\t\t\t\t\n\t\t\t\t<div class=\"consultantsContent__elem\">\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"consultantsContent__info\">\n\t\t\t\t\t\t<h4 class=\"consultantsContent__h4\" tabindex=\"0\" title=\"Inga Fomina \">\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\tInga Fomina \n\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t<p class=\"consultantsContent__p\" tabindex=\"0\" title=\" \"><\/p>\n\t\t\t\t\t\t<div class=\"consultantsContent__contact\">\n\t\t\t\t\t\t\t<div class=\"consultatns__phones\"><a href=\"tel:+371 29242150\" title=\"Inga Fomina  kontaktt\u0101lrunis\" class=\"consultantsContent__contact-link\">+371 29242150<\/a><\/div>\n\t\t\t\t\t\t\t<a href=\"mailto:inga.fomina@altum.lv\" title=\"Inga Fomina  e-pasta adrese\" class=\"consultantsContent__contact-link\">inga.fomina@altum.lv<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div> \n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Altum&#8211; Financial information Financial resultsKey figuresFinancial and non-financial KPI&#8217;s Financial reports \u00b9 TMA includes off-balance sheet item outstanding guarantees. \u00b2 As of Q3 2024 Risk Coverage Reserve excludes the public [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":10868,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-5796","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial information - Altum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.altum.lv\/en\/investors\/financial-information\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial information - Altum\" \/>\n<meta property=\"og:description\" content=\"Altum&#8211; 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