3 European lighthouse projects win the 2023 ELTI Awards

Medical Inventi SA (Poland), PILI (France) and the Social Finance Foundation (Ireland) received the inaugural ELTI Awards in their respective categories at ELTI’s ’10-year anniversary’ event in Madrid today. Made up of 32 National Promotional Banks and Institutions (NPBIs) throughout Europe, the European Long-Term Investors Association (ELTI) marked its 10th year since its inception by organising an award ceremony for various projects funded by its members. The three winners were selected from more than 40 proposals presented by ELTI members, all of which presented outstanding ideas and entrepreneurial approaches in the areas of Innovation, green and sustainable investments and social impact.

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Presentations

On 7 December 2022, Invest-NL, together with the European Association of Long-Term Investors (ELTI), organised a Workshop on 'Impact Investing' in Amsterdam.

Supportive of the goals of the EU Action Plan on Sustainable Finance, there is a huge role to play for National Promotional Banks and Institutions in facilitating societal transitions to enable a sustainable future.

This peer-to-peer learning event was aimed to exchange the latest insights around impact investment policies and how these can be put in practice.

Special thanks to the very inspirational guest speakers: Saara Mattero from the Ilmastorahasto - The Finnish Climate Fund, Clément Damasse from Bpifrance, Cyril Gouiffès from the European Investment Fund (EIF) and Joanne De Jonge from Invest-NL.

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Agenda   Participants List

ELTI members held their 2022 General Assembly in Malta. This year saw the association re-electing its Management Board, who will steer the group for the next three years. The panel discussion focused on NPBIs' role during crises as well as the measures taken during the COVID-19 pandemic and the current war in Ukraine. The participants highly appreciated the possibility of discussions with their colleagues from NPBIs of more than 20 EU Member States. The keynote speech (on Malta’s economic success and the challenges ahead) was delivered by Ian Borg, Manager Economic Analysis Department at the Central Bank of Malta. President Laurent Zylberberg once again welcomed representatives from the European Commission and the European Investment Fund who participated intensively in the discussions.

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ELTI Position Paper:  Increasing market acceptance on the targeted recast of the EU Financial Regulation

On 16 May 2022 the European Commission published a targeted amendment of the EU Financial Regulation, “aiming to strike the right balance by focusing on changes that are really necessary” and included “targeted improvements”, not least on “strengthening the protection of the Union financial interests”.

Due to the absence of impact assessment the effect of the proposed changes on EU Financial Instruments and the benefit of a greater reliance on Implementing Partners was not estimated. Such an assessment would have demonstrated that some of the proposed changes will de facto strongly discourage and consequently slow down the use of EU Financial Instruments, especially for SMEs and small-scale projects. Additionally, some proposals considerably reduce the discretion of the legislator in terms of crisis policy tools and instruments such as REPowerEU.

In this context, the ELTI association would like to highlight proposals based on the practical experience of national promotional banks and institutions (NPBIs) which are implementing partners (IPs) of EU funds, operating directly and/or with financial  intermediaries.

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ELTI Members - Ukraine Measures

Latest Update - 17 February 2023

After decades of peace, war is back in Europe.

ELTI members strongly condemn the Russian invasion of Ukraine. We express our solidarity with the Ukrainian authorities and the people of Ukraine who are suffering from this unprovoked military attack. Ukraine is not only our neighbour; it is part of Europe. Russia’s invasion and military aggression is fundamentally against our common European values, and the economic and social cost in Ukraine and across Europe will be immense.

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Watch full workshop: How to bring green energy to the local and regional level – the contribution of the EU and NPBIs

To meet the EU's climate targets by 2030, an additional annual public and private investment of EUR 260 billion is needed. National Promotional Banks and Institutions (NPBIs) already play a key role in tackling this investment gap by crafting long-term and tailor-made financing solutions locally. This online workshop, which took place on 13 October 2022, demonstrated the strong link of ELTI members with regional and local actors, as well as the capability to develop innovative financing solutions for energy efficiency and clean projects.

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ELTI Brochure on Sustainable Infrastructure 

In October 2022, ELTI released its third electronic brochure, this time covering the topic of Sustainable Infrastructure. With 17 projects from 11 ELTI members, this brochure demonstrates that NPBIs are active all over Europe, that we speak the language of the clients and project promotors and that big projects with a financing volume of more than 100 million EUR can be successfully implemented with the financial support of NPBIs.

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In the context of the French Presidency of the European Union, the following entrepreneurs having benefited from EU-supported products from Bpifrance

Aledia supported by Bpifrance’s Ecotech Fund & EIC Fund

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ELTI Position Paper: Enhancing the efficiency of measures to fight against Anti-Money Loundering and Countering the Financing of Terrorism

On July 20, 2021, the European Commission published a new legislative package revising the Anti-Money Laundering and Countering the Financing of Terrorism regulation (AML-CFT). National Promotional Banks and Institutions (NPBIs) such as i.e. Caisse des Dépôts Group (CDC), Kreditanstalt für Wiederaufbau (KfW) or Bank Gospodarstwa Krajowego (BGK) are impacted by this initiative in regard to the draft regulation on the prevention of the use of the financial system for the purpose of money laundering (AMLR) and/or the revised regulation on information accompanying transfers of funds and certain crypto-assets (Transfer of funds regulation).

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Two billion euro urgent financial support for Ukrainian refugees in Europe

6 May 2022

The EU’s national promotional banks and institutions and the European Investment Bank have launched the two-billion-Euro “Quick Response - Care for Ukrainian Refugees in Europe” initiative. The joint initiative aims to provide immediate relief this year for refugees fleeing the war in Ukraine and promote a rapid and humane integration of Ukrainian refugees in EU members states.

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