MEMBERSHIPS

European Venture Fund Investors Network (EVFIN)

The European Venture Fund Investors Network (EVFIN) is a platform for dialogue launched in March 2011 by major national investors in venture capital in response to the continuing funding crisis in this sector across the EU.

EVFIN has an EU-wide scope and its members have more than € 24 billion of assets under management.

Among common activities and projects of the EVFIN Members: joint responses to EU consultations with regard to venture capital; conducting a dialogue with the EU institutions to improve the understanding of the role that venture capital plays in fostering economic development; exploring ways to develop funds of funds with national operators (public and/or private) on a multilateral basis, with the financial support of the European Commission and/or the EIF.

The Hungarian Development Bank Private Limited Company (MFB Zrt.) has joined EVFIN 3 October 2013.

EAPB (European Association of Public Banks)

The European Association of Public Banks (EAPB) is responsible for representing public banks, specialised financial institutions, and their activities at European level. Its members include financial institutions, specialised financial institutions, public banks, and associations of banks of state and similar interest. The EAPB currently has 36 members, representing about 100 financial institutions altogether. Members of the EAPB play a substantial role in the European financial sector. Their 15% market share, approximately EUR 3500 billion balance sheet total, and the fact that they employ about 190,000 employees are all good indications of their weight.

The task of the organisation is to represent the specific interests of its member institutions at European level in relation to the European Union, professional organisations, the media and the general public. Additionally, the organisation facilitates cross-border cooperation between its members. The EAPB gathers information from its members about reactions to EU policies and legislation, publishes these opinions, and informs the European institutions about its position. The EAPB is a member of the European Banking Industry Committee, which is the collective interest representation group of Europe’s seven major banking associations vis-à-vis the European institutions.

MFB Zrt. has been a member of the Association since November 2002. The Brussels Representative Office participates in the meetings of the three Committees set up by the EAPB (Competition and Development Policy, Ecofin and Legal). The EAPB uses these biannual meetings to form its position on matters relevant to the public banking sector.

A list of members of the EAPB is available under the following link:

http://www.eapb.eu/page?pge=index&page=members&orl=1&ssn=&acrid=&cry_id=&pryid=&mi=5&mi=31

Members of the Administrative Board:

http://www.eapb.eu/page?pge=index&page=admin_board&orl=1&ssn=0&acrid=&cry_id=&pryid=&mi=5&mi=42&mi=44

NEFI (Network of European Financial Institutions for SMEs)

The Network of European Financial Institutions for SMEs (NEFI) has been successfully contributing to the facilitation of European and cross-border cooperation, and in particular to the improvement of the financing situation of SMEs for over ten years. With its current membership of 13 specialised financial institutions from 12 EU Member States, including Hungarian Development Bank Plc., the principal aim of the network is to assist small- to medium-sized enterprises through a wide range of financial services and expertise offered by its member institutions in having easier access to various financial resources. This includes members cooperating with other actors of the banking system of the country concerned, supplementing their services, and seeking to eliminate the deficiencies of SME financing and to disseminate best practices, in the individual countries and the EU as a whole, through co-financing, risk sharing and advice. The NEFI aims at deepening the relations between its member institutions, while sharing practical experience gained in SME financing. In addition, it cooperates with the European Commission and European financial institutions such as the European Investment Bank (EIB) and the European Investment Fund (EIF), assists in the drafting and implementation of European aid schemes through advisory activities, and supports SMEs’ participation in such schemes. Through its member institutions it even now has a direct stake in a number of EU projects, including the JEREMIE Programme, which allocates repayable development funds to small- to medium-sized enterprises in the form of microcredits, credit guarantees and venture capital financing with the involvement of financial intermediaries. The NEFI also has ties to the CIP Programme, which was launched by the European Commission with a view to improving the competitiveness of European enterprises, and aims at promoting innovations, creating a better financing environment and facilitating the provision of business assistance to the regions.

European Investment Fund (EIF)

The Hungarian Development Bank has been the Hungarian institutional shareholder of the European Investment Fund since 2003. The head of the Representative Office participates as the Bank’s delegate in the formal and informal general assemblies of the Fund. The goal of MFB is to establish institutional relations that are similar to and based on the task sharing between the EIB and the EIF with the individual members of the banking group in Hungary.

European Association of Long-Term Investors (ELTI)

The European Association of Long-Term Investors (ELTI) was founded on the 5th of July 2013 in Paris by 16 European financial institutions with the goal of joining forces to foster more sustainable, smart and inclusive European growth, notably for the youth. With a combined balance sheet of €1.5 trillion, ELTI’s goal is to promote long-term investment in close alignment with the objectives and initiatives developed by the European Union to foster sustainable and smart growth and job creation. Its tasks include representing the shared interests of its members vis-à-vis the EU institutions, exchanging experiences and information, developing business synergies among themselves and promoting academic research. While respecting their separate freedom of expression, ELTI also intends to play the role of spokesperson for its members in dealings with EU institutions and bodies, particularly as regards the implementation in the next Multiannual Financial Framework (2014-2020) of the new financial instruments designed to channel capital into investment in infrastructure, SMEs, innovation and energy projects.