April 25th, 2017

Anton KOVAČEV

1. Brief introduction to EIB

2. Overview of EFSI’s structure and opportunities

Content

225/04/2017 European Investment Bank Group

The EIB Group

Provides finance and expertise

for sound and sustainable investment projects

Specialist provider of risk finance to benefit innovative SMEs

325/04/2017 European Investment Bank Group

• Largest multilateral lender in the world

• Raising funds on the international capital markets

• Pass on favorable borrowing conditions to clients

• Some 440 projects each year in over 160 countries

• Headquartered in Luxembourg

− Finance professionals, engineers, sector economists and socio-environmental

experts

− More than 50 years of experience in financing projects

The EIB Group: a brief introduction

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Our Products

We help catalyse investment

LENDING BLENDING ADVISING

Loans

But also:

Guarantees and Risk

Sharing

Equity participation

Combining EIB finance

with EU budget

Higher risk projects for

innovation (RSFF /

InnovFin)

Prepare & implement

projects (JASPERS)

Support for public /

private partnerships

(EPEC)

InnovFin Advisory

Attracting FUNDING for long-term growth

525/04/2017 European Investment Bank Group

A Strong Response to the Crisisover EUR 500bn loans since 2008

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EIB group (EIB and EIF)

is the world’s largest multilateral financier

EIB Group in 2016:

EUR 83.8bn*

* EIB Group total financing figure excludes a small overlap due to joint engagement on the SME initiative.

7

EUR 16.9bnEUR 33.6bn EUR 19.7bn EUR 13.5bn

EnvironmentInfrastructure InnovationSmaller

businesses

300 000

Businesses

4.4 million

jobs

Improvements

benefitting

55 million

people

Cleaner

water for 25

million

people

11 million

digital

connections

Our priorities

European Investment Bank Group8

The Investment Plan for Europe consists of three strands:

1. Improved investment environment: regulatory and

structural reforms at EU and national levels for

predictability, removing obstacles, aiming at a friendlier

investment environment

2. 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. Mobilizing finance for investment: The EFSI, via EIB,

to better address the current shortage of (higher) risk-

financing in EU

Overview of EFSI: structure and opportunities

Aim: to mobilize at least €500 billion in investment across the EU

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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 500bn

investment by 2020.

Overview: Contractual setup

European Fund for Strategic Investments (EFSI)

All operations are EIB Group operations

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Impact-oriented operations: Objective to maximise economic impact in EU

through increased investments

Flexible, diverse products: Adapted to client’s needs

Risk-absorbing to trigger investments with higher risk profile (additionality),

but economically and technically viable (bankability)

Eligibility criteria mostly defined in terms of sectors

Maximising private finance / capital

All 28 MS coverage (and cross border)

Focus on employment creation and retention

Application for EIB loan directly to EIB / EIB partner institution, no separate

project list / route via authority or government

Key messages

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Eligible sectors

Wide eligibility criteria - Operations consistent with Union policies that

support any of the following general objectives:

− development of infrastructure including in transport, telecommunications, digital

and energy infrastructure; infrastructure projects in the environment, natural

resources, urban development and social fields

− research and development and innovation

− investment in education and training, health, information and communications

technology

− develop and modernize the energy sector, renewable energy, security of energy

supply and energy and resource efficiency;

− financial support for mid-cap companies and SMEs.

EIB present appropriate projects to the EFSI Investment Committee that

approves all projects’ EFSI eligibility.

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EIB operations in Croatia

European Investment Bank13

Approved loans for tourism projects in Croatia via HBOR

from 2012-2016

14

Year Number of projectsLoan amount from EIB sources

(€mil)

2012. 83 109.3

2013. 128 104.1

2014. 88 61.2

2015. 107 98.4

2016. 125 125.6

Total 531 498.6

Large projects underway in Croatia

Dubrovnik Airport

Large projects underway in Croatia

Dubrovnik riviera hotels

Large projects underway in Croatia

Municipal water supply and sewerage

Large projects underway in Croatia

Svilaj Bridge

Large projects underway in Croatia

Zagreb Airport

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Contact details:

Anton KOVAČEV

Head of EIB office in Zagreb

a.kovacev@eib.org

Poslovni Centar Hektorovićeva

Hektorovićeva 2

10000 Zagreb

Tel: 01 644 8208

www.eib.org

www.eib.org/eiah

www.eif.org

HVALA!