The ''European Long-Term Investors Association'' represent a European-wide network of National Promotional Banks and Institutions (NPBIs) who offer financial solutions tailored to the specific needs of their respective country and economy. As of August 2023, the association gathers 31 European long-term investors from 21 Member States across the European Union as well as candidate countries. With a combined balance sheet of € 2.7 trillion, ELTI's goal is to promote long-term investment in close alignment with the objectives and initiatives developed by the European Union in order to foster sustainable, smart and inclusive growth and job creation. Multilateral financial institutions complement the activities at national level with specific cross-border solutions or investments with a European impact. Following the specific public mission of each member the business model of each institution differs from country to country including different products and approaches. This is the same for multilateral ELTI members. Most of the members offer various debt-products but not all members have a mandate for investment in equity. The Association promotes and attracts quality long-term investment in the real economy.
Given the rapid changes our societies are undergoing and the 'short-termist' tendency of many economic and political actors, the need for long-term vision is more important than ever. The implementation of far-reaching global objectives such as building sustainable infrastructure for sustainable investment, fighting climate change or innovating in our resources consumption and in production technologies is not only an absolute necessity: it is also a path, in itself, to recovery from the current crisis on a new basis to avoid its return and ensure the well-being of future generations.
Maintaining a permanent and constructive dialogue on long-term financing with European financial institutions whilst representing, promoting and defending the shared interests of our Members. This includes informing the EU institutions on the role and potential of the Members as agencies for long-term financing and promoting convergence and common positions in response to consultations launched by the European Commission.
Developing the concept of long-term investment within the economic and financial sector whilst strengthening cooperation at an operational level, acting as long-term financiers and facilitating access between European and national financing schemes.
Strengthening the access of the Members to information on matters related to the EU and exchanging information and experiences amongst Members. This includes sharing the Association's interest and advice to the EU with regards to the promotion of long-term investment and informing its Members on the discussions, initiatives and measures conducted by the EU institutions.
Promoting academic research on long-term investments and exerting influence on EU Institutions by acting as a common interlocutor and Member spokesperson without prejudice to the separate freedom of expression of each Member. These include initiating and publishing research programmes and case studies and holding conferences on behalf of our Members.
In November 2023, ELTI released its latest brochure, presenting 16 lighthouse projects in the field of Innovation, each supported by their respective NPBI, all of which are members of ELTI.
Prague/Bruxelles, October 20th, 2023 – The members of the European Long-Term Investors (ELTI) Association have gathered in Prague for ELTI’s 11th General Assembly, hosted by ELTI’s Czech member Národní rozvojová banka (NRB) and chaired for the first time by the newly-elected ELTI President Dario Scannapieco, CEO of the Italian National Promotional Institute Cassa Depositi e Prestiti (CDP).
The General Assembly of the Association of European NBPIs was a key moment to discuss the first initiatives to implement the new strategy, which aims to strengthen ELTI's presence in Europe and to reaffirm the importance of NPBIs (National Promotional Banks and Institutions) by favouring long-term investments.
The event, which was attended by representatives of the 31 ELTI members, was an opportunity to share and discuss best practices of cooperation between NPBIs, identifying shared solutions and tools to address upcoming strategically significant challenges facing the European Union. The participants also reflected on how to promote the inclusiveness of the Association by encouraging its expansion to new members, with the aim of making ELTI increasingly the expression of the voice of all EU countries and a more effective instrument at the service of the European institutions.
During ELTI's 10-year anniversary, celebrated in Madrid, ELTI members elected its new President Dario Scannapieco, General Director and CEO of the Italian Cassa Depositi and Prestiti (CDP) for the next 3 years.
Scannapieco commented on his mandate and on the 10th anniversary of the association: “It is a great honour for me to have been appointed today as ELTI President, and I would like to warm-ly thank the former President, Laurent Zylberberg, and all the members of the Association for the trust and support in this journey. ELTI represents 32 National Promotional Banks and Financial Institu-tions of Europe, having doubled its number of members in just 10 years. This diversity of perspectives, coupled with the increased recognition that the association has achieved in many relevant European fora, will represent a key element to keep up with the economic and geopolitical challenges ahead. We have today traced our path for the next 10 years, with new financing commitments for more than 320 bn EUR in 2022, resources that will allow us to strategically support EU strategic objectives, also thanks to a further enlargement to new members. I look forward to chairing ELTI and bringing the Association to the next level - Together we can do more!”
The Investment and Development Fund of Montenegro (IDF) joined the European Association of Long-Term Investors (ELTI) in July 2023, having been officially welcomed during ELTI’s ’10-year anniversary’ event in Madrid. Together with National Promotional Banks and Financial Institutions (NPBIs) from all over Europe, ELTI now represents 32 members from 21 European Member States and candidate countries. ELTI members have a combined balance sheet of more than EUR 2.7 trillion. They are key partners for their national governments and the European Institutions as well as the European Investment Bank (EIB) Group.
NPBIs play an important role as implementing partners of the InvestEU programme and other recovery European programs. As enablers within their respective country, NPBIs are best placed to adapt European financial instruments to the specific needs at national, regional, and local levels. The intensive cooperation between NPBIs within ELTI helps to develop the best solution for each member.
Brussels, October 2023
First Edition: ELTI launches first edition of the ELTI Newsletter PDF
Brussels, 12 June 2023
Confrontations Europe, Laurent Zylberberg: Entre Faux prétextes et vrais problèmes, les industries de défense et la lutte contre le changement climatique
In this article for Confrontations Europe, ELTI President Laurent Zylberberg shows that beyond the debates on the non-application of the European taxonomy on the defense sector, Europe must put in place a lasting and sustainable defense industry as well as provide adequate financing for their needs, both of which cannot be envisaged without long-term investors. (French & English versions available) PConfrontationsEurope,Laurent ZylberbergEntreFauxprétextesetvraisproblèmeslesindustriesdedéfenseetlaluttecontrelechangementclimatiqueDF PConfrontationsEurope,Laurent ZylberbergEntreFauxprétextesetvraisproblèmeslesindustriesdedéfenseetlaluttecontrelechangementclimatiqueDF
Brussels, 10 May 2023
Joint Position Paper: InvestEU – Joint feedback on the interim evaluation PInvestEU – Joint feedback on the interim evaluation May 2023DF
Brussels, 17 October 2022
ELTI Position Paper: Increasing market acceptance on the targeted recast of the EU Financial Regulation PIncreasingmarketacceptanceonthetargetedrecastoftheEUFinancialRegulationDF
Brussels, 25 May 2022
ELTI Position Paper: Enhancing the efficiency of measures to fight against Anti-Money Loundering and Countering the Financing of Terrorism PEnhancing the efficiency of measures to fight against Anti-Money Loundering and Countering the Financing of TerrorismDF
Brussels, 8 December 2021
AECM, EAPB, ELTI & NEFI Position Paper: Implementation of the GBER – efficient and pragmatic feedback to the ongoing GBER consultation P2021.12.08_-_AECM_EAPB_ELTI_NEFI_Joint_position_paper_GBER.pdfDF
Brussels, 1 October 2021
ELTI Position Paper: General comments to the revision of the EU Financial rules applicable to the general budget of the Union PEU - Financial RegulationDF
Brussels, 5 March 2021
ELTI Position Paper: InvestEU - Saving the Additionality Principle PInvestEU - Saving the Additionality PrincipleDF
Brussels, 14 December 2020
ELTI & NEFI Position Paper: The implementation of the EU Taxonomy PThe implementation of the EU TaxonomyDF
Brussels, 16 September 2020
ELTI Position Paper: Next Generation EU & Factsheets (Enterprises, Health, Renovation Wave, Infrastructure and Territorial Devel.) PNext Generation EU & Factsheets (Enterprises, Health, Renovation Wave, Infrastructure and Territorial Development)DF
Brussels, 17 June 2020
AECM, ELTI & NEFI Position Paper: Overview of measures against the economic impact of the Coronavirus (COVID-19) outbreak PAECM, ELTI & NEFI Position Paper: Overview of measures against the economic impact of the Coronavirus (COVID-19) outbreakDF
Brussels, 19 March 2020
ELTI Position Paper: NPBIs ready to fight the COVID-19 economic crisis PELTI Position Paper: NPBIs ready to fight the COVID-19 economic crisisDF
Brussels, 9 December 2019
ELTI Position Paper: Promotional Banks’ role in implementing the Paris Agreement PELTI Position Paper: Promotional Banks’ role in implementing the Paris AgreementDF
Brussels, 30 October 2019
ELTI Position Paper: EU Taxonomy PELTI Position Paper: EU TaxonomyDF
Brussels, 16 September 2019
AECM, EAPB, ELTI & NEFI Position Paper: Comments on the State of Play regarding InvestEU PAECM, EAPB, ELTI & NEFI Position Paper: Comments on the State of Play regarding InvestEUDF
Brussels, 13 February 2019
AECM, EAPB, ELTI, NEFI & SME United Position Paper: Comments on SME-related aspects of the proposed InvestEU ProgrammePAECM, EAPB, ELTI, NEFI & SME United position paper: Comments on SME-related aspects of the proposed InvestEU ProgrammeDF
Brussels, 21 November 2023
Brussels, 12 June 2023
Brussels, 10 May 2023
InvestEU – Joint feedback on the interim evaluation PInvestEU – Joint feedback on the interim evaluationDF
Brussels, 1 February 2023
ELTI Brochure: ELTI-Invest-NL Impact Investing Brochure
Brussels, 4 November 2022
ELTI Brochure: ELTI-CDLF Municipal Finance Workshop Brochure
Brussels, 12 October 2022
Brussels, 7 December 2021
Brussels, 18 June 2021
Brussels, 6 July 2020
ELTI Press Release: PMV joins ELTI PPMV joins ELTIDF
Brussels, 28 April 2020
EUROFI Magazine: Investing in the Long-term by ELTI President Laurent Zylberberg PEUROFI Magazine: Investing in the Long-term by ELTI PresidentDF
Brussels, 14 April 2020
ELTI Press Release: Slovak Investment Holding (SIH) joins ELTI PELTI Press Release: Slovak Investment Holding (SIH) joins ELTIDF
Brussels/Paris, 2 April 2020
'Les Echos' Opinion: Face à l'urgence, préservons l'investissement de long terme / Virus: long-term investment must be maintained P'Les Echos' Opinion: Face à l'urgence, préservons l'investissement de long terme / Virus: long-term investment must be maintainedDF
Brussels, January 2018
High-Level Task-Force on Social Infrastructure's Final Report - Boosting Investments in Social Infrastructure in Europe PHigh-Level Task-Force on Social Infrastructure's Final Report - Boosting Investments in Social Infrastructure in EuropeDF