Institution details

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JSC Development Finance Institution Altum (ALTUM)

Key facts

  • Established in 2013
  • Ownership: Public

Latest update: 03/12/2021

Products

  • Supplier credit

Supplier credit


  • Export credit guarantees to exporters or financial institutions to insure against insolvency or non-payment of a foreign buyer of goods or services
  • Tenor: Up to 2 years
  • Cover:
    - Maximum cover due to non-payment by a single buyer is EUR 2 million
    - Up to 80% of the loan amount to a lender
    - Commercial risks up to 90% of total export
    - Political risks up to 95%
  • Amounts and tenor:
    - For MSMEs or a group of enterprises: EUR 3 million up to 10 years or EUR 1.5 million up to 5 years
    - For large enterprises, except for road freight transport industry: EUR 750,000 up to 10 years
  • Eligibility: Investment loan, working capital loan (including credit limit), financial leasing (including financial leasing limit), factoring, bank guarantee (procurement procedure guarantee, advance payment guarantee, performance, or guarantee period guarantees), bank guarantee limit, and letter of credit


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