Instituto de Crédito Oficial, Corporate State-owned Entity (henceforth, ICO), is a state-owned bank, with the legal status of corporate state-owned entity, attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support.
SID Bank (SID – Slovenska izvozna in razvojna banka, d.d., Ljubljana) is a promotional development and export bank 100% owned by the Republic of Slovenia. With our banking and insurance services we promote sustainable development and improve the competitiveness of the Slovene economy.
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.
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.
Since 1850, Cassa Depositi e Prestiti has supported Italy’s economic and social development. Established to collect savings deposits and finance national infrastructure, throughout its 175 years of service to the country CDP has accompanied the various phases of growth, transforming postal savings into investments across the territory and adapting its instruments and operating models to the needs of an ever-evolving context.
Today, we operate as an institutional development partner in a way that is additional and complementary to the market. Beyond supporting investments by local authorities and infrastructure projects, we support companies in their growth and innovation initiatives, both in Italy and abroad, while contributing to the strengthening of supply chains, venture capital, and private equity. We promote new housing solutions - dedicated to families, students, workers, and over-65s - as well as urban regeneration projects.
Unlike many European countries, Ireland did not have a state development bank to sustain funding to businesses throughout the financial crisis. During Ireland’s exit from the EU/IMF programme in late 2013, the Taoiseach and Chancellor Merkel agreed that the German promotional bank Kreditanstalt für Wiederaufbau (KfW) would help finance the Irish SME sector. It was this European agreement that led to the creation of the Strategic Banking Corporation of Ireland (SBCI), ensuring that in future, Irish businesses have access to long-term, patient funding.
MFB Hungarian Development Bank’s core activities include the provision of preferential loans for domestic businesses and private individuals, the fulfilment of development requirements and fund management tasks in relation to the country’s European Union membership. Through its active participation in the performance of such tasks, MFB contributes to a balanced economic growth. The Bank has been operating as a financial institution with a focus on investments since 1993, i.e. for 25 years.
KfW is one of the world’s leading promotional banks. Since 1948 KfW has been committed to improving economic, socil and ecological living conditions all around the world on behalf of the Federal Republic of Germany and the federal states. To do this, it supplied funds totalling EUR 76.5 billion in 2017 alone; of this total, 43% was spent on measures aimed at protecting the climate and the environment.
KfW has no retail branches and does not hold any customer deposits. It funds its promotional business in a responsible manner and almost entirely via the international capital markets. In 2017 it raised EUR 78.2 billion for this purpose. In Germany, KfW Group has offices in Frankfurt am Main, Berlin, Bonn and Cologne. Its global network includes around 80 local and representative offices.
