corporate_banner_en

The European Long Term Investors association (ELTI) launches its 2014 Action Plan

The blog
Press corner
All press releases
All other news
Press contacts
Events
All events
Business events
Institutional events
Newsletter
Publications
All publications
General
Reports
Information
Human resources
Strategies & procedures
Thematic
Geographical
Technical studies
Ex-post evaluation
Capital markets
Economic research
Ordering a publication
The historical archives of the EIB
EFSI Scoreboards
Help
Search criteria - General principles
How to search in the register
Result page
Latest documents
Basic search
Public register
Latest documents
Basic search
Frequently asked questions
Help
Search criteria - General principles
How to search in the register
Result page
Request a document
Other public registers
Picture library
News in pictures
Management Committee's Photos
Werner Hoyer
Dario Scannapieco
Jonathan Taylor
Ambroise Fayolle
Andrew McDowell
Vazil Hudák
Alexander Stubb
Emma Navarro
The EIB services
Building
Archives
Former Presidents
Former Vice-presidents
from left to right: Mustafa Abdel-Wadood, CEO,Abraaj Capital Limited, Philippe de Fontaine Vive Curtaz,Vice President, EIB and H.E. Eng. Yarub Qudah, CEO of JEDCO
Greater Manchester Metrolink extension
Mr Olaf Scholz, Mayor of Hamburg
Fritz Vahrenholt, Chief Executive Officer, RWE Innogy GmbH, Germany, Karina Veum, Senior Researcher, Energy Research Centre of the Netherlands, Alistair Buchanan, Group Chief Executive, OFGEM, UK regulator of gas and electricity markets and Frauke Thies, EU Energy Policy Coordinator, Greenpeace
Mr Matthias Kollatz-Ahnen, Vice-President of the EIB
from left to right:Jörg Vogt, CFO, Trianel, Germany (Project: Borkum West II Offshore Wind Park), Pierre Lestienne, CFO, C-Power, Belgium (Project: C-Power near Ostend) and Georg Friedrichs, Vice-President, Head of Offshore Wind Projects, Vattenfall, Germany (Project: Thanet Offshore Wind Farm)
from left to right: Mr Kevin Smith, Director Wind Energy, Det Norske Veritas, Norway, Mr Frank V.Nielsen; Chief Technology Officer, LM Wind Power, Denmark and Mr Konstantin Staschus, Secretary General, European Network of Transmission System Operations for Electricity (ENTSO-E)
from left to right: Mr Rober Harrabin, Environmental Analyst, BBC and Mr Hans-Jörg Bullinger, President, Fraunhofer-Gesellschaft of Germany
Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division, Mr F. de Paula Coelho, Director of the ALA Department of the EIB and Mr Christophe Nègre, Deputy Head of Division, Legal Department of the EIB
From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department of the EIB and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
Group picture of the signature Brazil Climate Change Mitigation
Picture of all the participants at the signature EFL loan for SMEs and Mid-Caps III
FROM LEFT TO RIGHT: Mr ANDRZEJ KRZEMINSKI President of the Management Board- EFL and Mrs FÜRSTENBERG-LUCIUS, Director EIB
FROM LEFT TO RIGHT: Mr ANDRZEJ KRZEMINSKI President of the Management Board- EFL and Mr Mariusz KOLWAS, Vice-President of the Management Board - EFL
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB, Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Zygmunti TRYBKA, Director of the Financing Department EFL and Mr Piotr KOZIOL, Director of the Legal Department EFL
Group picture of the signature EFL Loan for SMEs and Mid-Caps III
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
from left to right: Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director of the Central and Eastern Africa, Pacific Department of the EIB
Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
J.A.Mannai, Président du Fonds Monétaire Arabe; P.Maystadt, Président de la BEI; A.M.Ali Al-Madani, Président de la Banque Islamique de Développement; F.Baroin, Ministre de l'Economie, des Finances et de l'Industrie; D.Kaberuka, Président de la Banque Africaine de Développement; C.Lagarde, directrice générale du FMI
Photo de la signature
Photo de groupe de la signature
from left to right: Founders and biggest investors:
From left to right: all investors+Fund Manager:
Mr Anton Rop, Vice President of the European Investment Bank
de gauche à droite: M. Othman Ben Arfa, PDG de la STEG, M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale
de gauche à droite: M. Othman Ben Arfa, PDG de la STEG et M. Philippe de Fontaine Vive, Vice-président de la BEI
de gauche à droite: M. Othman Ben Arfa, PDG de la Société Tunisienne de l'Electricité et du Gaz , M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale
De gauche à droite:
Closing Ceremony Rural Impulse Fund II SA, SICAV-SIF; Luxembourg 1st June 2010
Closing
de gauche à droite: M.Carlos Da Silva Costa ,Vice Président de la BEI et M. Valls i Riera, Président de l'Autoridad Portuaria de Barcelona.
de gauche à droite: Carlos da Silva Costa, vice-président de la BEI et Ignacio Galán, Président d'Iberdrola
M. Philippe Maystadt, Président de la BEI, S.E.M. Premier Ministre de la Serbie et M. Dario Scannapieco, Vice-Président de la BEI à la signature de contrats
M. Philippe Maystadt, Président de la BEI et S.E.M. Mirko CVETKOVIC, Premier Ministre de la République de Serbie à la signature du livre d'or
Mr. I Dalianis, Financial Manager of Symetal ,Mr. K Kontos, General Manager of Symetal , Mr P Sakellaris Vice President of the EIB, Mr. D Kyriakopoulos, Executive Vice President of Elval and Mr. L Varouchas, General Manager of Elval
Mr P.Sakellaris, Vice President of the EIB and Mr D. Kyriakopoulos, Executive Vice President of Elval
Mr P. Sakellaris, Vice President of the EIB and Mr D.Kyriakopoulos, Executive Vice President of Elval
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
The Marseille Center for Mediterranean Integration is launched today
Le Centre de Marseille pour l’Intégration en Méditerranée est inauguré aujourd’hui
Photos
Session on "Modelling Cities and Urban Dynamics" hosted by the EIB-University Action Programme
Projects
Video library
All videos
Podcasts
Open learning
Contact

The European Long Term Investors association (ELTI) launches its 2014 Action Plan

    •  Display in:
    • de
    • en
    • fr
  • Available in: de en fr
  •  Release date: 15 November 2013
  •  Reference: 2013-182-EN

The ELTI association, newly created by the long term investors of the European Union, held its first General Assembly in Brussels on 14 November 2013. After electing its Board, the Members endorsed the 2014 Action Plan strongly focused on enhancing long term investment in Europe as a key to economic recovery.

Launched on 5 July 2013 in Paris by 16 European financial institutions, the “European Long Term Investors association (ELTI), a.i.s.b.l.” held its first General Assembly in Brussels on 14 November.

The General Assembly appointed the Management Board[1], with Dr Werner Hoyer, EIB President, as president, MM Anton Kovacev, HBOR Chairman of the board, and Franco Bassanini, President of Cassa Depositi e Prestiti (CDP) as Vice-Presidents, and M Dominique de Crayencour as Secretary-General of the ELTI.

The General Assembly also endorsed the action plan for 2014 with the priority to develop all favorable conditions to long-term investment and to cooperate actively among Members in support of the real economy. The goal is to help foster sustainable, resource efficient, socially inclusive and innovative growth and employment.

The priority of ELTI in its first mandate will be to work on the suppression of obstacles and the development of incentives to long term investment financing. This includes market failures, regulatory environment, reporting rules and appropriate financial instruments. It will also explore opportunities amongst them for common long term investments, in particular in the innovative financial instruments within the next Multiannual Financial Framework (2014-2020), notably for infrastructure, innovation, resource efficiency and SMEs. Today, ELTI brings together 17 Members, including the four founding institutions of the Long-Term Investors Club (LTIC)[2], whose total assets amount to EUR € 2 trillion.

Werner Hoyer taking up as ELTI President said: “The ELTI association is a genuine European project. Following the EIB capital increase, it is yet another way to multiply our mutual leverage effect in federating the financial strength of our institutions for growth and employment through long term investment.” He added: “I am honored and happy to be able to make the link between the work of the EU Bank and all the national Members of ELTI who are pursuing the same objective of supporting EU policy

Background information

When establishing the Association on July 5, the founding members declared “(…) establishing among themselves an international non-profit association named “European Association of Long Term Investors (ELTI)”, in accordance with the Belgian Law of the twenty-seventh day of June nineteen twenty-one on non-profit associations, international non-profit associations and foundations.

They declared that, as members of the Club of Institutions of the European Union Specializing in Long-Term Credit (ISLTC), they were willing to go further, with the European Union members of the Club of Long Term Investors (LTIC), in their cooperation and to join their efforts to promote and enhance long term investment, in full convergence with the objectives and initiatives developed by the European Union.

The European Association of Long Term Investors, ELTI (a.i.s.b.l.) shall be open to membership of all interested European long term financing institutions fulfilling the conditions foreseen in its attached Statutes; it shall develop at European Union level the actions carried out notably by the LTIC and it shall substitute the “Co-operation agreement (2011 – 2015)” signed by Institutions of the European Union Specialising in Long-Term Credit (ISLTC).

The Association has no commercial purpose and pursues the following non-profit-making objectives at international level:

-       represent, promote and defend the shared interests of its Members;

-       strengthen cooperation, including at an operational level, between European financial institutions as well as with other Institutions of the European Union (EU) acting as long-term financiers;

-       develop the concept of long-term investment within the economic and financial sector;

-       promote academic research on long-term investments

-       inform the EU and its institutions on the role and potential of the Members as institutions and agencies for long-term financing;

-       strengthen the access of the Members to information on matters related to the EU;

-       Exchange information and experiences among Members and with national and international organisations sharing the Association’s interest in the promotion of long-term investment.

Members of ELTI:

• Bulgaria:Bulgarian Development Bank “BDB”

• Croatia:Hrvatska banka za obnovu i razvitak “HBOR”

• Czech Republic: Ceskomoravska zarucni a rozvojova banka “CMZRB”

• France: Caisse des Dépôts “CDC”

• Germany: KFW Bankengruppe “KFW”

• Greece: National Bank of Greece “NBG”

• Hungary:MFB Hungarian Development Bank “MFB”

• Italy: Cassa Depositi e Prestiti “CDP”

• Latvia:Mortgage and Land Bank of Latvia “Mortgage Bank”

• Malta: Bank of Valletta “BOV”

• Poland: Bank Gospodarstwa Krajowego “BGK”

• Portugal: Banco Português do Investimento “BPI”

• Slovenia: Slovenska izvozna in razvojna banka “SID”

• Spain: Instituto de Crédito Oficial “ICO”

• Sweden:Swedish Export Credit Corporation AB Svensk Exportkredit “SEK”

• Turkey:Turkije Sinai Kalkinma Bankasi A.S. “TSKB”

• Multilateral institution: European Investment Bank “EIB”



[1] HBOR/Croatia, MFB/Hungary, SEK/Sweden, BPI/Portugal, CDC/France, CdP/Italy, KFW/Germany and EIB

[2] CDC, Cassa Depositi e Prestiti, EIB and KFW








 Print
 Pdf
 Short Link