European Long-Term Investors Association (ELTI)
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 May 2020, the association gathers 31 European long-term investors from 23 Member States across the European Union and Turkey. With a combined balance sheet of € 1.7 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.
Goals and Activities
Joint Collaboration
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.
Access to Finance
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.
Sharing of Expertise
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.
Knowledge & Mutual Support
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.
National Promotional Banks and Institutions (NPBIs) - ELTI Members
News about NPBIs
ELTI participates in 'Investments in Recovery and the Development of Greater Kyiv' panel during Kyiv Investment Forum
Event Page Agenda
The Kyiv Investment Forum took place on 28 November 2022 in Brussels. ELTI Chairman Laurent Zylberberg was amongst the panelists during the afternoon session on 'Investments in Recovery and the Development of Greater Kyiv', alongside Mykola Povoroznyk (First Deputy Head of Kyiv City State Administration), Jean-Erik de Zagon (Head of Ukraine Office at the European Investment Bank), Yevgeniya Piddubna (Corporate Affairs Director and Board of Directors Member of Farmak JSC and Head of Healthcare Committee at the Union of Ukrainian Entrepreneurs) as well as Katarina Mathernova (Deputy Director General of the DG for Neighbourhood and Enlargement of Negotiations at the European Commission), and moderated by Politico Europe reporter Paola Tamma.
Read more ...Election of the new ELTI Management Board
Elections of the ELTI Management Board (MB) take place every three years with the current Management Board being elected on 28 October 2022 at the 10th ELTI General Assembly (GA) in Malta.
Read more ...ELTI General Assembly 2022
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.
Read more ...ELTI Position Paper: Increasing market acceptance on the targeted recast of the EU Financial Regulation
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.
Read more ...Publications
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Other Publications
Brussels, 26 January 2022
"Investing for the long term, a short-term emergency"
Bernard Attali and Laurent Zylberberg published this report which seeks to answer various questions including:
How can we invest for the long term in an increasingly uncertain environment, where signals are scrambled, chaotic and difficult to read? What can the logic of long-term investments be when recent history has turned the most rational economic calculations on their heads? How can we take into account all the effects of investment decisions when these effects are increasingly numerous and complex? Is it not the case that the high cost of investments for sustainable growth, which should have been made a long time ago, grows as those investments become increasingly necessary? Because the crisis requires an urgent response, to deal with the most critical situations, is it not becoming increasingly difficult to take into account the long term, whose effects are less immediate?
Although the research focuses on the situation in France, the work carried out in this research is intended to be broadened to encompass Europe as a whole for a study of greater depth and particularly within the European paradox: a group of highly interconnected economies where each economy of that group has strong individual features derived from history. PattalireportTF
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ELTI Position Papers
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
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ELTI Publications
Brussels, 4 November 2022
ELTI Brochure: ELTI-CDLF Municipal Finance Workshop Brochure
Brussels, 12 October 2022
ELTI Brochure: Sustainable Infrastructure PELTI_Brochure_Sustainable_InfrastructureDF
Brussels, 7 December 2021
ELTI Brochure: Fit for Financing 55 PELTI_Brochure_-_Fit_for_Financing_55.pdfDF
Brussels, 18 June 2021
ELTI Brochure: Fight the SARS-CoV-2 pandemic PELTI_Brochure_Final.pdfDF
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
Full Report
Contact
European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu