ELTI Members

Joint-Stock Company Development Finance Institution Altum (ALTUM)

What we are

The international credit rating agency Moody’s Investors Service has assigned to Altum an investment grade rating Baa1 with a stable outlook. The assigned rating is among the highest ratings ever assigned to the capital companies of Latvia. The rating was assigned on 15 June 2017.

The head office of ALTUM is located in Riga with 20 functional departaments. ALTUM also includes 5 primary branches and 16 secondary branches that provide customer services throughout the territory of Latvia. The institution has more than 230 employees.

Bulgarian Development Bank (BDB)

Summary

Bulgarian Development Bank (BDB) is a credit institution 100%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises.

BDB is a systemically important institution and is among the Bulgarian banks with the highest credit rating: BBB with a positive outlook by Fitch Ratings. The bank provides directly financing as well as on-lending through other financial institutions.

The BDB Group has four subsidiaries - the National Guarantee Fund, BDB Microfinancing, the Capital Investment Fund and BDB Leasing. It is a full-fledged banking group offering a wide range of financial products and services for SMEs to create a sustainable and complete market through project financing, working and investment loans for micro, small and medium-sized businesses, guarantees, operating leasing, share capital, equity, etc.

Bank Gospodarstwa Krajowego (BGK)

Mission

Bank Gospodarstwa Krajowego is a state development bank whose mission is to support the social and economic development of Poland and the public sector in the fulfilment of its tasks.

The Bank is a financial partner actively supporting the entrepreneurship and making effective use of development programs. It is the initiator of and the participant in cooperation between business, public sector, and financial institutions.

Together with other development institutions, the Bank plays a significant role in implementation of the Strategy for Responsible Development, adopted by the Council of Ministers on 14 February 2017, which is the key document of the Polish state in the medium- and long-term economic policy.

BGK has a wonderful history of great achievements for Poland, which the Bank regards as an inspiration for its activities, but it looks to the future, because the effects of today’s work will be visible there. Every day, the Bank works for the future of Poland and the generations to come.

Romanian Investment and Development Bank (RIDB)

The Romanian Investment and Development Bank  (in Romanian, “Banca de Investitii si Dezvoltare”) was created at the end of 2023, under the National Recovery and Resilience Plan, being the only development bank in the country and it is 100% owned by the Romanian Ministry of Finance. The RIDB is thus a unique financial institution in the Romanian landscape and we proud ourselves with having a strong vision, an ambitious mission, and a clear set of strategic objectives.

The Bank's vision is to contribute to the establishment of a sustainable and prosperous economic environment, ready to face the upcoming challenges and changes.

Our mission is to support economic and social development, competitiveness and innovation, the country's economic growth, within a framework that continuously promotes sustainability and climate neutrality.

Banco Português de Fomento (BPF)

Banco Português de Fomento (BPF) is the Portuguese promotional bank, a unique institution that designs innovative solutions to support national and international projects, promoting sustainability and economic development.

It was created on November 3rd, 2020, as a result of the merger, by incorporation, of PME Investimentos - Sociedade de Investimento S.A and IFD - Instituição Financeira de Desenvolvimento S.A into SPGM - Sociedade de Investimento S.A, as set out in Decree-Law No 63/2020 of 7 September 2020, in the form of a promotional/development bank to support Portugal’s economic and social development.

Bpifrance

Mission

Serving the future

Goals

• Accompanying businesses in their growth;
• Preparing for tomorrow’s competitiveness;
• Developing an ecosystem that favours entrepreneurship.

Caisse des Dépôts et Consignations (CDC)

“Caisse des Dépôts et Consignations and its subsidiaries constitute a public group serving the public interest and the country’s economic development. The Group carries out missions of public interest in support of the public policies implemented by the State and local government bodies, and may also exercise competitive activities. […] Caisse des Dépôts et Consignations is a long-term investor and contributes to the development of enterprises in line with its own proprietorial interests.”

Article L. 518-2 of the French Monetary and Financial Code (amended by the 2008 law on modernisation of the economy).

Consignment Deposits and Loans Fund (CDLF)

The Consignment Deposits and Loans Fund (CDLF) is a non-profit organization which operates as a Legal Entity of Public Law. It belongs to the Ministry of Finance. It was founded in 1839 and began operating in 1919 as an autonomous special purpose financial organization (Law 1608/1919).

Its objective is the registry of consignments and the social and regional development by funding projects of Public and Social Interest. For this purpose the CDLF mainly grants loans to municipalities and prefectures, participates in development bodies and co-funds projects with the EIB.

In 2011 its operations were separated between a public and a commercial sector with a restriction of the expansion of the operations of the commercial sector (deposits, loans to Legal Entities of Private Law and individuals) until its total winding down.

Cassa Depositi e Prestiti (CDP)

About CDP

Since 1850, Cassa Depositi e Prestiti has supported Italy’s economic and social development. Established to collect savings deposits and finance national infrastructure, throughout its 175 years of service to the country CDP has accompanied the various phases of growth, transforming postal savings into investments across the territory and adapting its instruments and operating models to the needs of an ever-evolving context.

Today, we operate as an institutional development partner in a way that is additional and complementary to the market. Beyond supporting investments by local authorities and infrastructure projects, we support companies in their growth and innovation initiatives, both in Italy and abroad, while contributing to the strengthening of supply chains, venture capital, and private equity. We promote new housing solutions - dedicated to families, students, workers, and over-65s - as well as urban regeneration projects.

Council of Europe Development Bank (CEB)

 Mission

The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate.

Through the provision of financing and technical expertise for projects with a high social impact in its Member States, it actively promotes social cohesion and strengthens social integration in Europe.

The CEB is a major instrument of solidarity in Europe. It finances social projects, responds to emergency situations, and improves the living conditions of the most disadvantaged population groups.

The following are the main sectors in which the CEB implements social investment projects across Europe.

- sustainable and inclusive growth
- integration of refugees, displaced persons and migrants;
- climate action: developing adaptation and mitigation measures.

The CEB carries out its work within the framework of a formal strategic plan, which guides CEB activity in the medium term. The Governing Board of the CEB has just approved the Bank’s Strategic Framework for the period 2023-2027.