The European Long-Term Investors Association was launched on 5 July 2013. The 16 founding members were ALTUM (then known as the mortgage bank of Latvia), Banco BPI, BGK, BOV, BDB, CDC, CDP, CMZRB, EIB, HBOR, ICO, MFB, NBG, SID, SEK, and TSKB launched ELTI stating they are:

'Conscious of the fundamental need to promote and finance long-term quality investment in the real economy in order to produce sustainable, resource efficient and innovative growth and employment helping the recovery from the current crisis and ensuring the well-being of future generations'