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Official Journal
of the European Union

EN

C series


C/2025/5096

16.9.2025

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union

Cases where the Commission raises no objections

SA.116351

(Text with EEA relevance)

(C/2025/5096)

Date of adoption of the decision

25.7.2025

Aid number

SA.116351

Member State

Latvia

Region

Latvia

Title (title and/or name of the beneficiary)

Amendment of the remit of Altum to enable the provision of mortgage loans to natural persons for home purchases in certain Latvian regions

Legal basis

Regulations of the Cabinet of Ministers

Type of measure

Ad Hoc Case

JSC Development Finance Institution ALTUM

Objective

Social support to individual consumers

Form of aid

Direct grant

Budget

Overall budget: 3 500 000 EUR

Intensity

 

Duration

25.7.2025 - 31.12.2029

Economic sectors

Other financial service activities, except insurance and pension funding

Name and address of the granting authority

Ministry of Finance of the Republic of Latvia

Smilsu street 1, Riga, LV-1919

Other information

 

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

https://competition-cases.ec.europa.eu/search?caseInstrument=SA


ELI: http://data.europa.eu/eli/C/2025/5096/oj

ISSN 1977-091X (electronic edition)