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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.



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Overview of NPBI instruments against the economic impact of the Coronavirus (COVID-19) outbreak

AECM, ELTI & NEFI Position Paper - Overview of measures against the economic impact of the Coronavirus (COVID-19) outbreak

Updated 26 May 2020

After the outbreak of the Covid-19 pandemic and the decision of most governments in Europe (as well as other continents) to prioritise “social distancing”, it immediately became clear that these decisions will have a significant impact on the global economy. All governments are reflecting how to support self-employed, solo-entrepreneurs, SMEs on to mid-caps and globally-acting conglomerates, airports and healthcare systems as well as companies in the fields of export, tourism and in many other areas. European Member States also introduced completely new measures with the Maastricht criteria becoming less of a priority.

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'Investing in the Long-term' by ELTI President Laurent Zylberberg

Investing in the Long-Term

Featured in the April 2020 edition of the EUROFI magazine, ELTI President Laurent Zylberberg expresses his views on the long-term vision of investment and the role of National Promotional Banks and Institutions (NPBIs).

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Slovak Investment Holding (SIH) joins ELTI

Slovak Investment Holding (SIH) joins ELTI

The Slovak Investment Holding (SIH) joined the European Association of Long-Term Investors (ELTI) at the beginning of April 2020. Together with National Promotional Banks and Financial Institutions (NPBIs) from all over Europe, ELTI now represents 31 members from 21 European Member States as well as Turkey. ELTI members have a combined balance sheet total/assets under management, of more than €1.7 trillion. They are key partners for their national governments and the European Institutions as well as the European Investment Bank (EIB) Group.

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Opinion - Virus: long-term investment must be maintained

Face à l'urgence, préservons l'investissement de long terme (FR)  

Virus: long-term investment must be maintained (EN)

by MEP Dominique Riquet and ELTI Chairman Laurent Zylberberg

The current public health crisis has come at a time when persistently low interest rates, large amounts of available liquidity, nationalist retrenchment and the challenges posed by climate change require major efforts to transform our ecosystems.

The first steps to be taken are those urgently needed to address immediate needs: as a result, all efforts must be made to ensure that funding continues to flow within the economy. However, this should not distract attention from the ongoing need to invest for the long term. If our economy were a car, then it has broken down and we need to repair and probably overhaul it to prevent the same problem happening again, as well as refuelling it, which is the role of finance. However, it will all be for nothing if we stop building roads for it to drive on!

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  • ELTI Publications

    Brussels, 26 May 2020

    AECM, ELTI & NEFI Position Paper: Overview of measures against the economic impact of the Coronavirus (COVID-19) outbreak POverview of measures against the economic impact of the Coronavirus (COVID-19) outbreakDF

    Brussels, 28 April 2020

    EUROFI Magazine: Investing in the Long-term by ELTI President Laurent Zylberberg PInvesting in the Long-termDF

    Brussels, 14 April 2020

    ELTI Press Release: Slovak Investment Holding (SIH) joins ELTI PSlovak Investment Holding (SIH) joins ELTIDF

    Brussels/Paris, 2 April 2020

    'Les Echos' Opinion: Face à l'urgence, préservons l'investissement de long termeVirus: long-term investment must be maintained PDF

    Brussels, 19 March 2020

    ELTI Position Paper: NPBIs ready to fight the COVID-19 economic crisis PDF

    Brussels, 9 December 2019

    ELTI Position Paper: Promotional Banks’ role in implementing the Paris Agreement PDF

    Brussels, 30 October 2019

    ELTI Position Paper: EU Taxonomy PDF

    Brussels, 16 September 2019

    AECM, EAPB, ELTI & NEFI Position Paper: Comments on the State of Play regarding InvestEU PDF

    Brussels, 13 February 2019

    AECM, EAPB, ELTI, NEFI & SME United position paper: Comments on SME-related aspects of the proposed InvestEU Programme PDF

    Brussels, 24 September 2018

    ELTI Position Paper: InvestEU: how to concretely deliver? PDF

    Brussels, 11 June 2018

    AECM, EAPB, ELTI & NEFI Position Paper: Financing Energy Efficiency measures in buildings - 'Reflections on the creation of a coherent approach in a multi-level governance system PDF

    Brussels, 26 March 2018

    ELTI Position Paper: Financial instruments in the next MFF - The way forward regarding the single fund, direct access for NPBIs and the single rule book PDF

    Brussels, January 2018

    High-Level Task-Force on Social Infrastructure's Final Report - 'Boosting Investments in Social Infrastructure in Europe PDF

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  • Centre for Economic Policy Research (CEPR)

    An Assonime-CEPR Research Project - Restarting European Long Term Investment Finance (RELTIF), sponsored by Emittenti Titoli PDF


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  • Bank for International Settlements (BIS)

    Basel, August 2014

    Bank for International Settlements (BIS) - Monetary & Economic Department - Working Paper No 454: Understanding the challenges for infrastructure finance by Torsten Ehlers PDF


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  • Centre d’Etudes Prospectives et d’Informations Internationales (CEPII)

    CEPII Policy Brief No 4 July 2014 - A New Architecture for Public Investment in Europe: The Eurosystem of Investment Banks and the Fede Fund by Natacha Valla, Thomas Brand & Sebastian Doisy PDF

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European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels