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Joint-Stock Company Development Finance Institution Altum (ALTUM)

What we are

The international credit rating agency Moody’s Investors Service has assigned to Altum an investment grade rating Baa1 with a stable outlook. The assigned rating is among the highest ratings ever assigned to the capital companies of Latvia. The rating was assigned on 15 June 2017.

The head office of ALTUM is located in Riga with 20 functional departaments. ALTUM also includes 5 primary branches and 16 secondary branches that provide customer services throughout the territory of Latvia. The institution has more than 230 employees.

Bulgarian Development Bank (BDB)

About BDB

Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It is the successor of Encouragement Bank established in 1999. Its focus is to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated "BBB-" with positive perspective by Fitch Ratings. It is the only Bulgarian bank to provide financing via other credit institutions as well as direct financing. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiary, the National Guarantee Fund, issues guarantees for bank loans to the non-financial sector.

Banco Português de Fomento (BPF)

Banco Português de Fomento (BPF) is the Portuguese promotional bank, a unique institution that designs innovative solutions to support national and international projects, promoting sustainability and economic development.

It was created on November 3rd, 2020, as a result of the merger, by incorporation, of PME Investimentos - Sociedade de Investimento S.A and IFD - Instituição Financeira de Desenvolvimento S.A into SPGM - Sociedade de Investimento S.A, as set out in Decree-Law No 63/2020 of 7 September 2020, in the form of a promotional/development bank to support Portugal’s economic and social development.

Bank Gospodarstwa Krajowego (BGK)


Bank Gospodarstwa Krajowego is a state development bank whose mission is to support the social and economic development of Poland and the public sector in the fulfilment of its tasks.

The Bank is a financial partner actively supporting the entrepreneurship and making effective use of development programs. It is the initiator of and the participant in cooperation between business, public sector, and financial institutions.

Together with other development institutions, the Bank plays a significant role in implementation of the Strategy for Responsible Development, adopted by the Council of Ministers on 14 February 2017, which is the key document of the Polish state in the medium- and long-term economic policy.

BGK has a wonderful history of great achievements for Poland, which the Bank regards as an inspiration for its activities, but it looks to the future, because the effects of today’s work will be visible there. Every day, the Bank works for the future of Poland and the generations to come.



Serving the future


  • Accompanying businesses in their growth;
  • Preparing for tomorrow’s competitiveness;
  • Developing an ecosystem that favours entrepreneurship.

Caisse des Dépôts et Consignations (CDC)

“Caisse des Dépôts et Consignations and its subsidiaries constitute a public group serving the public interest and the country’s economic development. The Group carries out missions of public interest in support of the public policies implemented by the State and local government bodies, and may also exercise competitive activities. […] Caisse des Dépôts et Consignations is a long-term investor and contributes to the development of enterprises in line with its own proprietorial interests.”

Article L. 518-2 of the French Monetary and Financial Code (amended by the 2008 law on modernisation of the economy).

Consignment Deposits and Loans Fund (CDLF)

The Consignment Deposits and Loans Fund (CDLF) is a non-profit organization which operates as a Legal Entity of Public Law. It belongs to the Ministry of Finance. It was founded in 1839 and began operating in 1919 as an autonomous special purpose financial organization (Law 1608/1919).

Its objective is the registry of consignments and the social and regional development by funding projects of Public and Social Interest. For this purpose the CDLF mainly grants loans to municipalities and prefectures, participates in development bodies and co-funds projects with the EIB.

In 2011 its operations were separated between a public and a commercial sector with a restriction of the expansion of the operations of the commercial sector (deposits, loans to Legal Entities of Private Law and individuals) until its total winding down.

Cassa Depositi e Prestiti (CDP)

About CDP

We have been investing in the Italy of the future since 1850.

We foster sustainable development in Italy, using the country’s savings responsibly to support growth and boost employment, supporting innovation, business competitiveness, infrastructure and local development.

We support the innovation, growth and internationalisation of small, medium and large companies. We make our financial and industrial expertise, from within the Group and our subsidiaries, available to companies to develop synergies in the production chain and between different sectors.

We finance infrastructure, investments in public administrations and the country. We support policies to enhance the real estate assets of local authorities, we invest in social and educational buildings and we support energy efficiency policies. We provide financial and technical consultancy support for public administrations, during project planning and design phases.

Council of Europe Development Bank (CEB)


The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate.

Through the provision of financing and technical expertise for projects with a high social impact in its Member States, it actively promotes social cohesion and strengthens social integration in Europe.

The CEB is a major instrument of solidarity in Europe. It finances social projects, responds to emergency situations, and improves the living conditions of the most disadvantaged population groups.

The following are the main sectors in which the CEB implements social investment projects across Europe:

  • sustainable and inclusive growth
  • integration of refugees, displaced persons and migrants;
  • climate action: developing adaptation and mitigation measures.    

The CEB carries out its work within the framework of a formal strategic plan, which guides CEB activity in the medium term. The Governing Board of the CEB has just approved the Bank’s Strategic Framework for the period 2023-2027.

Fund Manager of Financial Instruments in Bulgaria (FMFIB)

The Fund of Funds (Fund Manager of Financial Instruments in Bulgaria) manages BGN 1.2 billion, or over EUR 660 million, under four operational programs: OP "Human Resources Development“, OP "Innovation and Competitiveness“, OP "Environment“ and OP "Regions in Growth“.

The Fund's main activity is the structuring and management of financial instruments co-financed by the European Structural and Investment Funds during the 2014-2020 programming period. Financial instruments are an alternative way of grant financing, which is gaining an increasingly important role in the European Union budget. Targeting projects that could potentially begin self-sustaining, they provide investment support through loans, guarantees or equity investments. In this way, business and public institutions are supported for economic development. Financial instruments allow for the return (recycling) of funds that can be reused.

The Fund of funds selects financial intermediaries - banks, funds, credit and other financial institutions. In turn, the elected financial managers mobilize additional private capital and significantly increase the public resource that they provide to the final recipients.

All funds provided under the aforementioned Operational Programs for Financial Instruments are united in a common Fund of funds, and the company managing it is FMFIB EAD.


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