cooperation with corporates - cebre · 2017-10-26 · eib lending in csee region countries* in...

European Investment Bank Group 1

Cooperation with Corporates EIB Central and South Eastern Europe Department

Seminar: Investment Plan for Europe, Financing of

Corporates in Czech Republic, Brno 5.10.2016

05/10/2016


Content

1. The EIB Group

2. EIB lending in CSEE region countries

3. EIB Group Products for Corporates

4. Investment Plan for Europe (IPE-EFSI)

5. Contacts

05/10/2016


1. The EIB Group

05/10/2016

The EIB Group

Providing finance and expertise for sound and sustainable investment projects

Leading developer of risk financing for innovative SMEs

05/10/2016 European Investment Bank Group 5

1. The EIB Group

The EIB at a glance

• Shareholders are the 28 EU Member States

• Rated AAA/Aaa/AAA by S&P, Moody’s and Fitch

• Largest multilateral lender and borrower in the world • Raises funds through bond issues on international capital

markets

• Passes on favourable borrowing conditions to clients

• Some 450 projects each year in over 160 countries

• Headquartered in Luxembourg and 40 local offices

• Around 3000 staff • Not only finance professionals, but also engineers, sector

economists and socio-environmental experts

• More than 50 years of experience in financing projects

European Investment Bank Group Jul-16

The EIB: capital breakdown


1. The EIB Group

We are the world’s largest supranational borrower


We are the

largest issuer of

green bonds

EUR 4bn in 2015

EUR 11bn in 11 currencies

since 2007

Total 2015 borrowing: EUR 62.4bn

Mobilising resources worldwide

Europe

63% Asia

21%

Americas

14%

Middle East & Africa

2%

1. The EIB Group

EIB Group track record: over EUR 500bn onlent since 2008


1. The EIB Group

We are the world’s largest multilateral lender


EIB in 2015:

EUR 77.5bn

EIF in 2015:

EUR

7bn

Record for the

EIB Group:

EUR 84.5bn

1. The EIB Group

EIB Lending in 2015: EUR 78bn (EIB signatures)


1. The EIB Group

We focus on our key priorities (EIB Group in 2015)


ENVIRONMENT

EUR 19.6bn

(23%)

INFRASTRUCTURE

EUR 18.9bn

(22%)

INNOVATION

EUR 18.7bn

(21%)

SME

EUR 29.2bn

(34%)

1. The EIB Group

We deliver impact where it’s needed


HEALTH

9.8m people with

access to improved

health services

JOBS

4.1m jobs in small

businesses

EDUCATION

1.5m students

benefitting from

EIB projects

WATER

21m people

benefitting from

safe drinking water

TRANSPORT

380m additional

passengers

ENERGY

2.3m households

powered by

EIB projects

URBAN

3.2m people

benefitting from

urban upgrades

DIGITAL

15.3m people with

new or upgraded

connections

1. The EIB Group


Content


05/10/2016

EIB Operations in Central and South East Europe Organisation

Central and South East Europe Department

Corporates and Private Local Banks

Project Finance

Public Sector

International Banks Focus on customer segments across the region

European Investment Bank Group Jul-16

EIB lending in CSEE region countries*

in 2011-2015

• *For the purpose of this presentation, the CSEE region countries include: Austria,

Czech republic, Slovakia, Hungary, Romania, Bulgaria, as well as Turkey.

• For the last five years, the loans signed in the region were, on average, of EUR 6.7bn,

recording a positive pace within the last four years, up to EUR 7.5bn in 2015.

• In terms of disbursements, the overall amounts were relatively constant throughout the

five years period, reaching the average of EUR 7.4bn in 2015.

17 European Investment Bank Group 05/10/2016


8,2 7,2 7,4 6,9

7,4 6,5

5,6

6,8 7,1 7,5

-

1,4

2,8

4,2

5,6

7,0

8,4

9,8

11,2

2011 2012 2013 2014 2015Disbursments (EUR bn) Signatures (EUR bn) Lineární (Signatures (EUR bn))

30/9/2016 18 Evropská investiční banka

Aktivity EIB v České republice


3. EIB Group Products for Corporates

05/10/2016

EIB project cycle

We support sound and sustainable projects


3. EIB Group Products for Financial Intermediaries

Our products

We help catalyse investment


LENDING/INVESTMENTS

Loan facilities

But also: Guarantees Equity participation

Attracting FUNDING for long-term growth


2 Main loan facility types:

• Direct Loans • Large-scale projects (more than EUR

25m)

• Intermediated Loans • Small and medium-scale projects

(particularly to SMEs) via national and regional intermediary banks

• Lending decision remains with the financial intermediary

Intermediated loans description:

Main funding product of the EIB aiming at improving conditions and enhancing access to finance for SMEs and Midcaps

Standardized product reaching a very large and diversified number of SMEs and Midcaps via Financial Institutions acting as intermediaries

Final Beneficiaries: SME (up to 250 employees) and Midcaps (between 250-3000 employees)


Intermediated Loans for SMEs & Midcaps

EUR 28.4bn signed in 2015

240,000 SMEs and Midcaps benefited

from EIB Group finance product in

2015

The SMEs and Midcaps financed in

2015 employ approximately 4.1m

people


05/10/2016

EIB Group finance products to SMEs and Midcaps at a glance:



EIB

Financial Intermediary

Final Beneficiaries

EIB Senior Loan Ex.: EUR 100m

Financial Intermediary lends to Final Beneficiaries Ex.: MBIL of EUR 100m reaching 40 final beneficiaries

Definition of terms:

Financial Intermediaries Typically banks or leasing companies Financial Intermediaries report allocations to EIB Group

Final Beneficiaries SMEs: < 250 employees

Small Midcaps: 250-499 employees

Midcaps: 250-3000 employees

Final Beneficiaries*

At least 70% of final beneficiaries should be SMEs, while no more than 30% should be Midcaps.

Reporting on Allocations

* As per the above classification


05/10/2016



Financial Intermediary Location

EU and non-EU countries (multi-country possible)

EIB Loan EUR 50m - 500m

Loan Tenor Up to 12/15 years

Allocation Period to On-lend EIB Loan

Up to 18 months

Sub-loans Up to EUR 12.5m per Final Beneficiary

Complementarity Loan to SMEs/midcaps should be twice the amount of the EIB loan

Advantages for SMEs/Midcaps - An improved financing environment:

Long loan tenors (up to 12/15 years)

Lower financing costs thanks to EIB’s support

Key Characteristics:

Signature Disbursement

Allocations to Final Beneficiaries

Timeline EIB Group/Financial Intermediaries:


05/10/2016


4. Investment Plan for Europe (IPE)

European Fund for Strategic Investments (EFSI)

05/10/2016

OBJECTIVE: close the investment gap!

Investment Plan for Europe

Mobilize EUR 315bn of investments

- European Fund for Strategic Investments (EFSI) - Cooperation with national promotional banks and EIB

Support investment in the real economy - European Investment

Advisory Hub - European Investment

Project Portal

Create an investment friendly environment - improvements of the

European regulatory environment

- Structural changes



European Fund for Strategic Investments (EFSI)



Key factors of EFSI operations

Commercially sound, economically and technically viable

Added value (additionality), potential higher risk profile

Maximising private financial contribution

Investments boosting employment and growth

Flexible, diverse products – adapted to clients’ needs

Pricing commensurate with the risk – no subsidy element

Counterparties can be:

corporates of all sizes

public sector entities

SMEs (<250 employees) and Midcaps (<3000 employees)

national promotional banks or commercial banks for intermediation

dedicated investment platforms



EFSI life cycle

All EFSI operations have to follow EIB’s standard life cycle

• Standard due diligence

• Approval through EIB Management Committee + EFSI Investment

Committee + EIB Board

European Fund for Strategic Investment as of 31.7.2015


42+ Projects

Approved and/or signed

projects

84+

Operations

EUR 13,6/4,8 bn

Total financing

under EFSI

EUR 65bn (27%)

EUR 3,5 bn EUR 50 bn (61%)

Mobilising total

investment of

EIB

EIF



5. Contacts

05/10/2016

Contacts Details

More information at: www.eib.org


5. Contacts

05/10/2016

Hana Nylander Kaloudová

Head of Office

Prague Office

Klimentska 46

110 02 Praha 1, Czech Republic

Phone: (+420) 737 182 698

email: [email protected]

http://www.eib.org/

Thank you!

34 30/9/2016 European Investment Bank Group

cooperation with corporates - cebre · 2017-10-26 · eib lending in csee region countries* in...

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