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5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
5/9/10 1 European Investment Bank
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5/9/10 1 European Investment Bank

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  • EIB (62%) European Commission (30%) Other European financial institutions (8%) Further information can be found on the general presentation of the Fund
  • Transcript

    • 1. SME Consultation 2007/2008: New initiatives from EIB for SME financing
    • 2. The European Investment Bank (EIB) Long-term Finance Promoting European Objectives <ul><li>European Union’s long-term lending bank set up in 1958 by the Treaty of Rome. </li></ul><ul><li>Mission: Support of EU policies </li></ul><ul><li>Lending operations totalled EUR 45.8bn in 2006, borrowings on the capital markets reached EUR 48bn. </li></ul><ul><li>SME support is one of 6 priority objectives, and is done either directly by EIB (through Global Loans) or through its subsidiary, the EIF (Venture Capital, SME guarantees). </li></ul>
    • 3. The European Investment Fund (EIF) Venture capital & SME guarantees <ul><li>Established in 1994 </li></ul><ul><li>Owned by: </li></ul><ul><ul><li>EIB </li></ul></ul><ul><ul><li>European Commission </li></ul></ul><ul><ul><li>Other European financial institutions </li></ul></ul><ul><li>Resources: </li></ul><ul><ul><li>Own funds – subscribed capital </li></ul></ul><ul><ul><li>EU programmes </li></ul></ul><ul><ul><li>Trust operations (EIB, German Government) </li></ul></ul>
    • 4. EIB’s PRODUCT OFFERING FOR SMEs (1) The basic principle: Cooperation with the banking sector Bank with branch network or other intermediaries SME Global Loans Mid-Cap Loans SME SME SME SME SME Medium-long term loans
    • 5. EIB’s PRODUCT OFFERING FOR SMEs (2) T he activity of the EIF Venture Capital Funds 2007: EUR 521m invested in 33 funds Financial Institutions 2007: EUR 1.4bn of guarantees issued in 26 operations Participations Guaranties SME SME SME SME SME SME Equity, mezzanine finance, loans
    • 6. MARKET CONSULTATION TO OPTIMIZE EIB’S PRODUCT OFFERING FOR SMEs 11 SME Associations 52 Banks 15 Public support institutions SME CONSULTATION 2007/2008
    • 7. FINDINGS: Persisting Financing Gaps for SMEs <ul><li>SME finance is a key topic throughout Europe </li></ul><ul><li>Financing gaps vary from country to country </li></ul><ul><li>Most affected: </li></ul><ul><li>Micro-enterprises </li></ul><ul><li>Start ups / research intensive SMEs </li></ul><ul><li>Innovative SMEs </li></ul><ul><li>SMEs in decisive growth phases </li></ul><ul><li>SMEs facing transmission </li></ul>
    • 8. CONCLUSIONS: 4 OUTSTANDING MESSAGES <ul><li>Simplification of the existing products </li></ul><ul><li>2. Modernisation to include innovation in its largest sense </li></ul><ul><li>3. Development of risk-sharing, mezzanine products </li></ul><ul><li>4. From “one size fits all” to tailor-made solutions </li></ul>
    • 9. OBJECTIVE: IMPROVE ACCESS TO FINANCE FOR SMEs AT ATTRACTIVE CONDITIONS (1) <ul><li>SMEs face the challenge </li></ul><ul><li>to finance “intangible” </li></ul><ul><li>investments </li></ul><ul><li>EIB is ready to support them by sharing the risk </li></ul>
    • 10. OBJECTIVE: IMPROVE ACCESS TO FINANCE FOR SMEs AT ATTRACTIVE CONDITIONS (2) <ul><li>Simplification </li></ul><ul><li>Modernisation </li></ul><ul><li>Increased Transparency </li></ul><ul><li>Transfer of benefit to SMEs </li></ul>
    • 11. For more information … http:// www.eib.org /

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