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Fund Manager of Financial Instruments in Bulgaria (FMFIB)

The Fund of Funds (Fund Manager of Financial Instruments in Bulgaria) manages BGN 1.2 billion, or over EUR 660 million, under four operational programs: OP "Human Resources Development“, OP "Innovation and Competitiveness“, OP "Environment“ and OP "Regions in Growth“.

The Fund's main activity is the structuring and management of financial instruments co-financed by the European Structural and Investment Funds during the 2014-2020 programming period. Financial instruments are an alternative way of grant financing, which is gaining an increasingly important role in the European Union budget. Targeting projects that could potentially begin self-sustaining, they provide investment support through loans, guarantees or equity investments. In this way, business and public institutions are supported for economic development. Financial instruments allow for the return (recycling) of funds that can be reused.

The Fund of funds selects financial intermediaries - banks, funds, credit and other financial institutions. In turn, the elected financial managers mobilize additional private capital and significantly increase the public resource that they provide to the final recipients.

All funds provided under the aforementioned Operational Programs for Financial Instruments are united in a common Fund of funds, and the company managing it is FMFIB EAD.

Hrvatska banka za obnovu i razvitak (HBOR)

The Croatian Bank for Reconstruction and Development (HBOR) was established on 12th June 1992 by the Act on the Croatian Credit Bank for Reconstruction (Hrvatska kreditna banka za obnovu – HKBO) (NN – official gazette of the Republic of Croatia, No. 33/92, amended NN 76/93, 108/95, 08/96).

Instituição Financeira de Desenvolvimento S.A. (IFD)

IFD is the Portuguese promotional institution. It was incorporated in 2014 by the Portuguese State under the approval of the European Commission with the objective of improving the access to funding by local SME and midcaps. Its financing activities are exclusively wholesale and cover the full capital structure, notably through senior loans, quasi-equity and equity, and credit counter-guarantees. The creditworthiness of IFD is of local sovereign quality based on sound prudential ratios and an implicit sovereign guarantee.

Instituto de Crédito Oficial (ICO)

What is ICO?

Instituto de Crédito Oficial, Corporate State-owned Entity (henceforth, ICO), is a state-owned bank, with the legal status of corporate state-owned entity, attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support.

UAB Investiciju ir verslo garantijos (INVEGA)

Vision

A stable and renowned team of finance experts which develops and implements effective solutions for promoting entrepreneurship.

Mission

To promote the growth and competitiveness of Lithuanian businesses by being an active partner in business financing.

Invest-NL

Invest-NL is a private company financed with public funds. It will actively participate on the commercial market as an impact investor, with the mission of making the Netherlands more sustainable and more innovative. The Dutch Ministry of Finance is the single shareholder. A supervisory board has been appointed to oversee the running of Invest-NL. Invest-NL currently has 40 employees. Additional information will be available at www.invest-nl.nl  as of 16 January 2020.

In the context of the energy transition, Invest-NL is focusing particularly on electrification and energy, circularity, agrifood and the built environment. When it comes to innovative scale-ups, the focus will primarily be on industrial technologies. Invest-NL intends to expand the market and provide financial backing for what once seemed unbackable. Alongside a willingness to take significant risks, Invest-NL is also prepared to invest large amounts with long maturities. Impact is paramount for Invest-NL: without impact there can be no financing.

KfW Bankengruppe (KfW)

Responsible banking

KfW is one of the world’s leading promotional banks. Since  1948 KfW has been committed to improving economic, socil and ecological living conditions all around the world on behalf of the Federal Republic of Germany and the federal states. To do this, it supplied funds totalling EUR 76.5 billion in 2017 alone; of this total, 43% was spent on measures aimed at protecting the climate and the environment. 

KfW has no retail branches and does not hold any customer deposits. It funds its promotional business in a responsible manner and almost entirely via the international capital markets. In 2017 it raised EUR 78.2 billion for this purpose. In Germany, KfW Group has offices in Frankfurt am Main, Berlin, Bonn and Cologne. Its global network includes around 80 local and representative offices.

Long-Term Infrastructure Investors Association (LTIIA)

About LTIIA

Founded in 2014 by investors and for investors, the Long-Term Infrastructure Investors Association works with a wide range of stakeholders, including infrastructure investors, policy-makers and academia, on supporting long-term, responsible deployment of private capital to public infrastructure around the world.

Malta Development Bank (MDB)

Mission Statement

"The Malta Development Bank (MDB) contributes towards sustainable economic development that benefits the Maltese people by promoting inclusive and environmentally sustainable economic growth and infrastructure development."

Hungarian Development Bank (MFB)

About MFB 

MFB Hungarian Development Bank’s core activities include the provision of preferential loans for domestic businesses and private individuals, the fulfilment of development requirements and fund management tasks in relation to the country’s European Union membership. Through its active participation in the performance of such tasks, MFB contributes to a balanced economic growth. The Bank has been operating as a financial institution with a focus on investments since 1993, i.e. for 25 years.

Contact

European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu