ELTI Position Paper: Promoting Long-Term Investment in Affordable, Social, and Sustainable Housing in Europe: The Role of National Promotional Banks and Institutions

The paper highlights the role of National Promotional Banks and Institutions (NPBIs) in addressing Europe's housing crisis by promoting investment in affordable, social, and sustainable housing. In 2023, these banks financed nearly €50 billion, supporting over 380,000 dwellings. 

Along with this position paper,  ELTI has also presented its experience in housing in a common brochure with the sister association European Association of Public Banks (EAPB).

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ELTI Brochure on Addressing the Housing Crisis

Released in April 2025, this ELTI-EAPB brochure provides a response to the European Housing crisis.

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Helsinki/Brussels, 20 October 2024 - The Nordic Investment Bank hosts ELTI's 13th edition of its General Assembly and Management Board, in Helsinki.

The General Assembly included a panel discussion on the role of International Financial Institutions and National Promotional Banks and Institutions in addressing financing gaps and attracting private capital to support national and EU strategic priorities. Panelists included Elena Flores, Deputy Director General DG ECFIN; Ioannis Tsakiris, Vice-President of EIB; André Küüsvek, President and CEO of NIB; and Johannes M. Boehmer, Vice-Governor of the CEB - Council of Europe Development Bank, and Dario Scannapieco, CEO and General Manager, CDP Cassa Depositi e Prestiti, and ELTI President.

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Fabio Gallia, former CEO of Cassa Depositi e Prestiti, passed away on 7 May 2024 at the age of 60. This sudden death is a huge loss for all those who knew him. 

Fabio had a brilliant professional career. Initially a consultant at Accenture, he quickly turned to banking and finance, beginning his venture within the financial sphere at Ersel, later becoming CEO of Banco di Roma and Fineco. In 2008, he became CEO of BNL, the Italian subsidiary of BNP Paribas, and he would later head all BNP Paribas Group activities in Italy. In 2015, he became CEO of Cassa Depositi e Prestiti (CDP), alongside Claudio Costamagna as Chairman. Under his leadership CDP was recognized by law both as National Promotional Institution and as Institution for International Development and Cooperation. With the introduction of the Juncker Plan, and relying on the EIB and the ELTI network, Cassa’s influence continued to multiply. From a national standpoint, this NPI was always involved in many operations which favor the Italian economy. However, CDP also revived itself at European level by multiplying contacts with its German, Spanish, Polish and, of course, French counterparts.

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ELTI Brochure on Green Investment

In January 2024, ELTI released its latest brochure, presenting 16 lighthouse projects in the field of Green Investment, each supported by their respective NPBI, all of which are members of ELTI.

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ELTI Brochure on Innovation

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.

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Press Release

Prague/Bruxelles, October 20^th, 2023 – The members of the European Long-Term Investors (ELTI) Association have gathered in Prague for ELTI’s 11^th 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.

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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!”

IDF Montenegro joins ELTI

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.

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ELTI 10-year anniversary

Dario Scannapieco (CDP, Italy) appointed as new ELTI President

320 billion EUR committed for European economic and sustainable growth in 2022

Madrid/Brussels, 20 July 2023 - Today, ELTI is celebrating its 10^th anniversary in the country of the EU Presidency, Spain. During this occasion ELTI members have elected its new President Dario Scannapieco, General Director and CEO of the Italian Cassa Depositi and Prestiti (CDP) for the next 3 years.

National Promotional Banks and Institutions (NPBIs) and public Promotional Banks founded the European Long-Term Investors association in Paris in 2013. 10 years later, the association comprises 32 members from 21 EU Member States, 2 candidate countries and in addition 2 International Financial Institutions. The European Investment Bank (EIB) is a permanent Observer in the association. The meeting has also represented the opportunity to validate the new ELTI’s strategic framework for 2023 - 2033, the roadmap that will guide the association actions and priorities for the 10 years to come.

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