Cooperation with Corporates - CEBRE · 2017-10-26 · EIB lending in CSEE region countries* in...
Transcript of 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
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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
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1. The EIB Group
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The EIB Group
Providing finance and expertise for sound and sustainable investment projects
Leading developer of risk financing for innovative SMEs
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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
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The EIB: capital breakdown
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1. The EIB Group
We are the world’s largest supranational borrower
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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
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1. The EIB Group
We are the world’s largest multilateral lender
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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)
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1. The EIB Group
We focus on our key priorities (EIB Group in 2015)
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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
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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
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Content
2. EIB lending in CSEE region countries
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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
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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.
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2. EIB lending in CSEE region countries
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))
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Aktivity EIB v České republice
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3. EIB Group Products for Corporates
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EIB project cycle
We support sound and sustainable projects
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3. EIB Group Products for Financial Intermediaries
Our products
We help catalyse investment
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LENDING/INVESTMENTS
Loan facilities
But also: Guarantees Equity participation
Attracting FUNDING for long-term growth
3. EIB Group Products for Financial Intermediaries
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)
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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
3. EIB Group Products for Financial Intermediaries
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EIB Group finance products to SMEs and Midcaps at a glance:
Intermediated Loans for SMEs & Midcaps
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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
3. EIB Group Products for Financial Intermediaries
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Intermediated Loans for SMEs & Midcaps
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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:
3. EIB Group Products for Financial Intermediaries
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4. Investment Plan for Europe (IPE)
European Fund for Strategic Investments (EFSI)
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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
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4. Investment Plan for Europe (IPE-EFSI)
European Fund for Strategic Investments (EFSI)
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4. Investment Plan for Europe (IPE-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
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4. Investment Plan for Europe (IPE-EFSI)
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
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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
4. Investment Plan for Europe (IPE-EFSI)
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5. Contacts
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Contacts Details
More information at: www.eib.org
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5. Contacts
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Hana Nylander Kaloudová
Head of Office
Prague Office
Klimentska 46
110 02 Praha 1, Czech Republic
Phone: (+420) 737 182 698
email: [email protected]
Thank you!
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