1. European Investment Bank Group
Investment Plan for Europe The European Fund for Strategic Investments (EFSI) : financing for SMEs, start-ups and many more sectors
Maria Shaw-Barragan Head of Strategy Division Presentation in the Cyprus Funds Summit
Nicosia, 9 October 2015
European Investment Bank Group

2. European Investment Bank Group
Introduction to the EIB: the EU bank
Shareholders are the 28 Member States
Largest multilateral lender and borrower in the world
Raising funds on the international capital markets
Pass on favourable borrowing conditions to clients
Some 440 projects each year in over 160 countries
Headquartered in Luxembourg and 30 local offices
Around staff:
Finance professionals, engineers, sector economists and socio-environmental experts
More than 50 years of experience in financing projects
European Investment Bank Group

3. European Investment Bank Group
EIB Lending Priorities (2014 activity volumes)
* includes EIB Group support to SMEs in the EU only
European Investment Bank Group

4. European Investment Bank Group
Investment Plan for Europe: three strands
Improved investment environment: regulatory and structural reforms at EU and national levels for predictability, removing obstacles, aiming at a friendlier investment environment
Making finance reach the real economy:
stepped-up technical assistance / advisory
by establishing European Investment Advisory
Hub (EIAH) in EIB and by EC facilitating a
project directory
3. Mobilising finance for investment: The European Fund for Strategic Investments (EFSI), via EIB, to better address the current shortage of (higher) risk- financing in EU
Aim: to mobilise at least €315 billion in investment across the EU
European Investment Bank Group

5. European Fund for Strategic Investments (EFSI)
EFSI: setup
European Fund for Strategic Investments (EFSI)
EFSI is NOT a fund or a separate legal entity
It is a contractual arrangement between EC & EIB Group
EFSI consists of:
EUR 16bn EC guarantee in favour of EIB
EUR 5bn capital contribution by EIB
Target of generating EUR 315bn investment in 3 yrs
All operations are EIB Group operations

6. EFSI: What kind of operations?
Impact-oriented operations: objective to maximise economic impact in EU through increased investments
Flexible, diverse products: adapted to client’s needs
Risk-absorbing products to trigger investments with higher risk profile (additionality)
Commercially sound operations, economically and technically viable (bankability)
Maximising private finance / capital
All 28 EU Member States coverage (and cross border)
Focus on employment creation and retention
Pricing commensurate with the risk (no subsidy)
Application for EIB loan directly to EIB or EIF or EIB Group partner institution, no separate project list / route via authority or government

7. EFSI: what kind of products products ?
SOURCES
OF FUNDING
TYPICAL PRODUCTS OFFERED
FINAL RECIPIENTS AND TYPICAL PROJECTS
Long-term senior debt for higher risk projects
Equity and quasi-equity
Subordinated loans
Other investors join in on a project basis
Transport infra
Energy infra
Broadband infra, ICT
Energy Resource efficiency
Renewable energy
Research
Health and Education
Innovation
SMEs
Long-term
investment funds
The Fund serves as credit protection for new EIB activities
European Fund for Strategic Investments
Urban and Social
MidCaps
European Investment Bank Group

8. EIB Group: helping business at every stage of their development
Public stock or capital markets
Portfolio Guarantees & Credit Enhancement
VC Funds, Lower Mid-Market & Mezzanine Funds
Social Impact Funds
VC Seed & Early Stage
Microcredit
Business Angels, Technology Transfer
PRE-SEED PHASE
SEED PHASE
START-UP PHASE
EMERGING GROWTH
DEVELOPMENT
SME Development Stages
European Investment Bank Group

9. European Investment Bank Group
EFSI: how can you access it ?
All operations are EIB or EIF operations
EIB and EIF normal appraisal and processes apply
EIB governing bodies approve every operation
If you know the EIB, get in touch with your normal contact
Nicos Yiambides
Go on EIB’s website and find the individual in the Operations Department responsible for the Member State where the project is located or where your company is located
If in doubt, check out the EIB web page or contact the InfoDesk
European Investment Bank Group

10. European Investment Bank Group