BOV hosts EIF Financial Institutions Shareholders Group
Malta has hosted the annual meeting of the Financial Institutions Shareholders Group of the European Investment Fund (EIF) of which Bank of Valletta is a shareholder.The full day meeting, held at the BOV Centre in Sta Venera, was addressed by the...
Malta has hosted the annual meeting of the Financial Institutions Shareholders Group of the European Investment Fund (EIF) of which Bank of Valletta is a shareholder.
The full day meeting, held at the BOV Centre in Sta Venera, was addressed by the president of the European Investment Bank, Philippe Maystadt, the vice-president, Philippe De Fontaine Vive and the chief executive of the European Investment Fund, Francis Carpenter.
Tonio Depasquale, CEO of Bank of Valletta welcomed the delegates and said BOV looked forward to contributing towards the continued development of the European Investment Fund and to support its objectives," Mr Depasquale said.
The European Investment Fund is the prime European institution whose main objective is to support the creation, growth and development of enterprises. It is a public-private partnership whose tripartite shareholding includes the European Investment Bank, the European Union represented by the European Commission and a number of European banks and financial institutions.
Mr Maystadt, spoke about what the EIF adds and could add in the future to the EIB's activities relating to SMEs. He explained that SMEs represent 99 per cent of businesses in the European Union - a fact that explains why SMEs are central to the EIB's activities. He spoke about the EIB Group's SME targeted products including the Global Loans.
Mr De Fontaine Vive spoke about the current consultation exercise being undertaken by the EIB focussing on better access to finance for SMEs, emphasising that support to SMEs is and will remain a key priority for the EIB.
Mr Carpenter gave an update on EIF activities.
The full day meeting, held at the BOV Centre in Sta Venera, was addressed by the president of the European Investment Bank, Philippe Maystadt, the vice-president, Philippe De Fontaine Vive and the chief executive of the European Investment Fund, Francis Carpenter.
Tonio Depasquale, CEO of Bank of Valletta welcomed the delegates and said BOV looked forward to contributing towards the continued development of the European Investment Fund and to support its objectives," Mr Depasquale said.
The European Investment Fund is the prime European institution whose main objective is to support the creation, growth and development of enterprises. It is a public-private partnership whose tripartite shareholding includes the European Investment Bank, the European Union represented by the European Commission and a number of European banks and financial institutions.
Mr Maystadt, spoke about what the EIF adds and could add in the future to the EIB's activities relating to SMEs. He explained that SMEs represent 99 per cent of businesses in the European Union - a fact that explains why SMEs are central to the EIB's activities. He spoke about the EIB Group's SME targeted products including the Global Loans.
Mr De Fontaine Vive spoke about the current consultation exercise being undertaken by the EIB focussing on better access to finance for SMEs, emphasising that support to SMEs is and will remain a key priority for the EIB.
Mr Carpenter gave an update on EIF activities.