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
  • 5/9/10 1 European Investment Bank

    1. 1. SME Consultation 2007/2008: New initiatives from EIB for SME financing
    2. 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. 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. 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. 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. 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. 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. 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. 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. 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. 11. For more information … http:// www.eib.org /

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