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1 st Danube Financing Dialogue - EU Strategy for the Danube Region (EUSDR) Priority Area 10

European Investment Bank (EIB): Cooperation with local banks to support SME and Mid-Cap investments. 1 st Danube Financing Dialogue - EU Strategy for the Danube Region (EUSDR) Priority Area 10 Vienna, 22 nd March 2012 Peter Bandilla, Deputy Adviser, Lending in Central Europe.

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1 st Danube Financing Dialogue - EU Strategy for the Danube Region (EUSDR) Priority Area 10

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  1. European Investment Bank (EIB): Cooperation with local banks to support SME and Mid-Cap investments 1st Danube Financing Dialogue - EU Strategy for the Danube Region (EUSDR) Priority Area 10 Vienna, 22nd March 2012 Peter Bandilla, Deputy Adviser, Lending in Central Europe

  2. Introduction on EIB • EU’s long-term lending bank set up in 1958 by the Treaty of Rome • Shareholders: 27 EU Member States • Funding on capital markets: (EUR 76 Bn in 2011) • Financial strength: AAA-Rating, voluntary application of Basle rules • Business model: “non-profit but also no loss” • Lending policy: Anti-cyclical in times of financial crisis European Investment Bank

  3. EIB Lending in 2011 and Shareholdership Lending Shareholdership European Investment Bank

  4. EIB Priority Objectives (within the EU) • Convergence • Trans-European Networks (TENs) • Environmental sustainability • Sustainable, competitive and secure energy • Knowledge Economy • Small and medium-sized enterprises (SMEs) and mid-cap enterprises (midcaps) EIB loans for SMEs of EUR 10.5bn in Europe in 2011: Industry, Energy and transport and Services including tourism European Investment Bank

  5. EIB Loan for SMEs European Investment Bank 5

  6. Definition of “EIB Loan for SMEs and Mid-Caps” • SME final beneficiaries: any autonomous enterprise or group employing < 250 people • MID-CAP final beneficiaries: any autonomous enterprise or group employing < 3000 people • Investment to be financed: most investment projects costing up to EUR25 million (limited list of excluded sectors) • Financing: up to 100% of project cost or EUR 12.5 million, whichever is smaller • Term: up to economic life of project (2 years minimum, 12 years maximum) • Project cost can include: used assets, distribution networks and international expansion, long term working capital needs, SME transmission (generation change, staff buy-in; up to EUR 1 million) European Investment Bank

  7. How do SMEs and Mid-Caps benefit? Enhancing market capacity - intermediary undertakes to lend at least twice EIB Loan for SMEs and Mid-Caps( “2 x EIB” approach) Transparency - intermediaries must inform SMEs and Mid-Caps of EIB’s presence and impact on their financing conditions: can be done through ‘product labelling’ or direct communication information on website Transfer of value added - commitment by intermediaries to pass on an agreed financial advantage to the SMEs and Mid-Caps: amount and method of transfer negotiated on a case by case basis – eg interest rate reduction, cashback at signature reporting of method and amount of benefit transferred Accountability - speed of allocation to SMEs and amount of benefit transferred seen as key ‘performance indicators’ by EIB European Investment Bank

  8. EIB Global Loan Allocations in the Danube Region • EUR 6.3 bn between 2007-2011 for 16,457 individual allocations (average • allocation size of EUR 385,315) • 2011 was a record year with EUR 2.1 bn allocations (# 6,468) European Investment Bank 8

  9. EIB Global Loan Partners in the Danube Region European Investment Bank 9

  10. EIB Global Loan Partners in the Danube Region http://www.eib.org/projects/topics/sme/intermediaries/europe.htm European Investment Bank 10

  11. For more information http://www.bei.org/ info@eib.org

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