5/9/10 1 european investment bank
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11/04/23 1European Investment Bank
SME Consultation 2007/2008:New initiatives from EIB for SME financing
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11/04/23 2European Investment Bank
The European Investment Bank (EIB)Long-term Finance Promoting European Objectives
European Union’s long-term lending bank set up in 1958 by the Treaty of Rome.
Mission: Support of EU policies
Lending operations totalled EUR 45.8bn in 2006, borrowings on the capital markets reached EUR 48bn.
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).
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The European Investment Fund (EIF)Venture capital & SME guarantees
Established in 1994
Owned by: EIB
European Commission
Other European financial institutions
Resources: Own funds – subscribed capital
EU programmes
Trust operations (EIB, German Government)
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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
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EIB’s PRODUCT OFFERING FOR SMEs (2) The 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
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MARKET CONSULTATION TO OPTIMIZE EIB’S PRODUCT OFFERING FOR SMEs
11 SME Associations
52 Banks 15 Public support
institutions
SME CONSULTATION 2007/2008
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FINDINGS: Persisting Financing Gaps for SMEs
SME finance is a key topic throughout Europe
Financing gaps vary from country to country
Most affected:
Micro-enterprises
Start ups / research intensive SMEs
Innovative SMEs
SMEs in decisive growth phases
SMEs facing transmission
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CONCLUSIONS: 4 OUTSTANDING MESSAGES
1. Simplification of the existing products
2. Modernisation to include innovation in its largest sense
3. Development of risk-sharing, mezzanine products
4. From “one size fits all” to tailor-made solutions
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OBJECTIVE: IMPROVE ACCESS TO FINANCE FOR SMEs AT ATTRACTIVE CONDITIONS (1)
SMEs face the challenge
to finance “intangible”
investments
EIB is ready to support them by sharing the risk
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OBJECTIVE: IMPROVE ACCESS TO FINANCE FOR SMEs AT ATTRACTIVE CONDITIONS (2)
•Simplification
•Modernisation
•Increased Transparency
•Transfer of benefit to SMEs
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For more information…
http://www.eib.org/