european investment bank group in moldova · portfolio 2010 - 2016 eur 7.0bn 2016 eur 1.65bn...
TRANSCRIPT
1
European Investment Bank Group in Moldova
Chisinau
4 July 2017
European Investment Bank
European Investment Fund
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
204 153 255
217 217 217
89 89 89
0 170 233
0 158 214
2
EIB’s Activities in Moldova
Support to the Private Sector
EIB at a Glance 1
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0 192 142
146 150 153
55 96
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50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
0 158 214
3
The EIB: the EU bank
Largest multilateral lender and
borrower in the world
Shareholders: 28 EU Member States
HQ in Luxembourg with 44 local
offices
Around 3000 staff (finance
professionals, but also engineers,
sector economists and socio-
environmental experts)
Around 450 projects each year in
over 160 countries
AAA-rated by the three major rating
agencies
0 112 192
0 192 142
146 150 153
55 96
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50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
0 158 214
4
Our Priorities in 2016
SMEs Infrastructure Environment Innovation
EUR
16.9bn
EUR
19.7bn
EUR
13.5bn
EUR
33.6bn
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
0 158 214
5
Scale of Bonds Issuance – Largest Supranational
0
20
40
60
80
EIB IBRD -WorldBankGroup
ADB IADB IFC -WorldBankGroup
NIB AfDB EBRD
US
D b
n
2016 2017 (e)
Volume of issuance is
larger than all other
major supranational
banks …
… and compares with
that of certain EU
Governments
*Gross financing requirement for FY2015-16 / 2016-17
**Fiscal years from 1 July to 30 June
Source: Barclays research/ best efforts estimates as of 25 January 2017
Data collated from a mixture of official reports and bond market analysis systems such as Dealogic
0
50
100
150
200
250
300
Italy France UK* Germany Spain EIB Netherlands Belgium Austria Portugal Denmark Finland
EU
R b
n
2016 2017 (e)
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
0 158 214
6
EIB Group Activity Outside EU
Outside EU Lending EIB Group
EUR 83.8bn
Outside
EU
EUR
8.38bn
Eastern
Neighbours
EUR 1.65bn
Africa,
Caribbean,
Pacific, South
Africa
EUR 0.77bn
EFTA &
Enlargement
Countries
EUR 3.35bn
Southern
Neighbours
EUR 1.63bn
Asia and
Latin America
EUR 0.98bn
• The EIB finances projects in some 140 non-EU countries.
• EIB lending outside the EU accounts for some 10% of its global activity.
EIF in 2016:
EUR 9.45bn
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
0 158 214
7
EIB in 2015:
EUR 77.5bn
EIB Signed Loans EIB Investments per Country in Eastern Partnership
EIB Investments per Sectors in Eastern Partnership
Loans to SMEs, 35%
Transport, 28%
Energy, 13%
Environment, 8%
Other, 16%
Eastern Partnership Portfolio 2010 - 2016
EUR 7.0bn
2016
EUR
1.65bn
Ukraine, 68%
Armenia, 5%
Azerbaijan, 1%
Georgia, 18%
Moldova, 9%
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
204 153 255
217 217 217
89 89 89
0 170 233
0 158 214
8
EIB at a Glance
Support to the Private Sector
EIB’s Activities in Moldova 2
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
9
EIB’s Activities in Moldova
Infrastructure and Industry
Supporting Moldova’s infrastructure and industrial
modernisation
EIB Intermediated Lending
Loans to
SMEs and MidCaps
Advisory
Supporting the technical capacity of the promoters and financing
upstream studies as well as activities focused on private sector
development
Higher risk projects for innovation
InnovFin Providing risk financing to stimulate entrepreneurship and innovation.
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
204 153 255
217 217 217
89 89 89
0 170 233
0 158 214
10
EIB’s Activities in Moldova
Development of the local private sector, in particular SMEs
Development of social and economic infrastructure
Climate change adaptation and mitigation
235 255
282
476
606 606
697
697
105
0
200
400
600
800
1,000
2007-2010 2011 2012 2013 2014 2015 2016 2017
Total Signed Loans (EURm, cumulative) Expected Amount to be Signed
EIB Lending Mandate Signed Loans Portfolio Development, EUR m, Cumulative
802
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
204 153 255
217 217 217
89 89 89
0 170 233
0 158 214
11
EIB’s Activities in Moldova
SMEs and MidCaps
37%
Energy 8%
Sectoral Distribution
Transport 49%
Water and Wastewater
6%
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
Selected Projects
12
Approved: 15 November 2016
Moldova Rail Infrastructure and Rolling Stock FL
Amount: EUR 50 million.
Description: The purpose of the project is to improve and
modernise both Moldova's railway network and
rolling stock. It consists of a framework with two
components: (i) the acquisition of 11 mainline
diesel locomotives suitable for both freight and
passenger services and the associated
maintenance equipment and (ii) the rehabilitation
of selected sections of the railway infrastructure.
Signed: 26 September 2016
Fruit Garden of Moldova
Amount: EUR 120 million.
Description: The operation provides resources to a large
number of micro-enterprises and SMEs. It also
has a positive environmental and social impact.
The support to both the individual growers and
the up and down-stream sector should allow
future revenues to be developed, ensuring the
long term viability of a strategically important
sector for the economy.
Signed: 31 July 2014
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0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
204 153 255
217 217 217
89 89 89
0 170 233
0 158 214
13
EIB Support to SMEs in Moldova
Loans for SMEs and Mid-Caps disbursed from 2009 to date:
Allocations by sector Allocations by purpose
Manufacturing, 45%
Trade, 32%
Education, 3%
Agriculture and Forestry, 7%
Transportation, 5%
Other, 8%
Supporting around
850 SMEs through
intermediated loans
These enterprises employ about
19,034 people
Financial intermediaries
allocated
EUR 89.6m
850 sub-projects
With allocation size
varying from
EUR 1,135 to 3.8m
Working Capital
Construction/Renovation
Equipment
14
EIB at a Glance
EIB’s Activities in Moldova
Support to the Private Sector 3
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
0 158 214
15
EIB Financial Products offered in Moldova
Loans for SMEs and MidCaps
Equity Investments
(Mostly Through Private Equity funds)
Partial Portfolio Guarantees
Direct loans
Loans intermediated by a bank
Guaranteed loans
Microfinance Credit
Lines
SMEs +
microfinance
Mid-cap
enterprises
Larger
corporates
SPVs & project
finance
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
204 153 255
217 217 217
89 89 89
0 170 233
0 158 214
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Supporting Access to Finance
EIB and EIF - leading provider of guarantees - are now joining forces to support SMEs and
promote private sector development in Moldova.
For the first time in the region two new programmes are available :
DCFTA Initiative East
The Initiative aims to strengthen economic development in the
countries that have signed Association Agreements with the EU -
namely Georgia, Moldova and Ukraine - by providing targeted
financial and technical support to SMEs in these three countries.
0 112 192
0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
17
Thank you for your attention.
Luca Ponzellini
Senior Loan Officer Lending Operations in EU Neighbouring Countries, Banks
Phone: (+352) 4379-84862
email: [email protected]
European Investment Bank
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg.
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0 192 142
146 150 153
55 96
146
147 219 255
50 148 106
0 32 96
155 207 168
217 217 217
89 89 89
0 170 233
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Notes
All 2016 figures are unaudited and provisional