Promotional Banks Commit €375bn to EU Affordable Housing Plan

The European Association of Public Banks (EAPB) and the European Long-Term Investors Association (ELTI) are proud to endorse the European Commission’s first-ever European Affordable Housing Plan.

To help turn this ambition into reality, our member institutions — Europe’s national and regional promotional banks — are mobilising significant resources. We estimate a collective commitment of €375 billion in financing by 2029, drawn from our own resources, to support affordable, social, and sustainable housing across the European Union.

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ELTI Management Board met in Rome at the CDP headquarters

Rome/Brussels, 5 December 2025 – The Management Board of the European Long-Term Investors Association (ELTI) met today to discuss the work carried out this year, the outlook and projects for 2026, dialogue with stakeholders and institutions, and the tools to be adopted to ensure market competitiveness.

Held at the Cassa Depositi e Prestiti headquarters in Rome under the chairmanship of CDP Chief Executive Officer Dario Scannapieco, it was ELTI’s fifth such meeting this year.

The gathering offered an opportunity to exchange views on the strategies to strengthen the association and talk about the progress of the main dossiers under discussion at the European level.

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ELTI’s Roadmap for a Competitive Europe - 10 Recommendations for the Next MFF

ELTI welcomes the European Commission’s proposal for the 2028–2034 Multiannual Financial Framework (MFF), which places competitiveness, strategic autonomy, and investment mobilisation at the heart of EU policy. The proposal recognises the role of National Promotional Banks and Institutions (NPBIs), including regional ones, and confirms the importance of financial instruments as key tools to multiply the impact of EU funding.

To ensure the next MFF delivers on its ambitions and bridges the major investment gap affecting EU competitiveness, ELTI identified ten strategic recommendations:

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It is with the deepest sorrow that we inform the ELTI community of the passing of our dear colleague and friend, Helmut von Glasenapp, who sadly left us last Friday, at the age of 62

Helmut was truly the heart and driving force of the ELTI Secretariat, serving as Secretary-General since October 2016. His time with the association was marked by exceptional commitment, professionalism and humanity, leaving a lasting mark on all who had the pleasure of working with him.

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Amsterdam/Brussels, 26 September 2025 - Invest-NL hosts ELTI's 2025 General Assembly and Management Board, in the heart of Amsterdam.

Attended by representatives of most of ELTI's 33 members, including the ELTI Management Board, this 2-day event kicked off on Thursday evening, 25 September with networking drinks and an informal dinner at the inspiring STRAAT Museum and continued the following day, with the General Assembly itself taking place at the historic Scheepvaartmuseum.

This year’s theme, “Building the Future Economy of the EU,” brought together European financial institutions, public actors, and entrepreneurs who discussed how we can drive long-term investment and innovation across the continent. 

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ELTI Press Release - Dario Scannapieco (CDP, Italy) unanimously reappointed ELTI President

Amsterdam/Brussels, 26 September - The European Long-Term Investors Association (ELTI) renewed its Management Board today, unanimously reappointing Dario Scannapieco, CEO of the Italy’s Cassa Depositi e Prestiti (CDP), in his role as President. For his second term, Scannapieco will lead the Association for the next three years.

The re-election of Scannapieco is held on the occasion of ELTI’s 13^th General Assembly, with this year’s edition hosted, in Amsterdam, by Dutch member Invest-NL (ELTI’s sole National Promotional Institution for the Netherlands).

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ELTI Position Paper: Promoting Long-Term Investment in Affordable, Social, and Sustainable Housing in Europe: The Role of National Promotional Banks and Institutions

The paper highlights the role of National Promotional Banks and Institutions (NPBIs) in addressing Europe's housing crisis by promoting investment in affordable, social, and sustainable housing. In 2023, these banks financed nearly €50 billion, supporting over 380,000 dwellings. 

Along with this position paper,  ELTI has also presented its experience in housing in a common brochure with the sister association European Association of Public Banks (EAPB).

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ELTI Brochure on Addressing the Housing Crisis

Released in April 2025, this ELTI-EAPB brochure provides a response to the European Housing crisis.

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Helsinki/Brussels, 20 October 2024 - The Nordic Investment Bank hosts ELTI's 13th edition of its General Assembly and Management Board, in Helsinki.

The General Assembly included a panel discussion on the role of International Financial Institutions and National Promotional Banks and Institutions in addressing financing gaps and attracting private capital to support national and EU strategic priorities. Panelists included Elena Flores, Deputy Director General DG ECFIN; Ioannis Tsakiris, Vice-President of EIB; André Küüsvek, President and CEO of NIB; and Johannes M. Boehmer, Vice-Governor of the CEB - Council of Europe Development Bank, and Dario Scannapieco, CEO and General Manager, CDP Cassa Depositi e Prestiti, and ELTI President.

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Fabio Gallia, former CEO of Cassa Depositi e Prestiti, passed away on 7 May 2024 at the age of 60. This sudden death is a huge loss for all those who knew him. 

Fabio had a brilliant professional career. Initially a consultant at Accenture, he quickly turned to banking and finance, beginning his venture within the financial sphere at Ersel, later becoming CEO of Banco di Roma and Fineco. In 2008, he became CEO of BNL, the Italian subsidiary of BNP Paribas, and he would later head all BNP Paribas Group activities in Italy. In 2015, he became CEO of Cassa Depositi e Prestiti (CDP), alongside Claudio Costamagna as Chairman. Under his leadership CDP was recognized by law both as National Promotional Institution and as Institution for International Development and Cooperation. With the introduction of the Juncker Plan, and relying on the EIB and the ELTI network, Cassa’s influence continued to multiply. From a national standpoint, this NPI was always involved in many operations which favor the Italian economy. However, CDP also revived itself at European level by multiplying contacts with its German, Spanish, Polish and, of course, French counterparts.

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