Dario Scannapieco elected new president of the Association of European National Promotional Institutions

Summary

The CDP CEO has been appointed to lead ELTI, the network of long-term investors in the Old Continent

The election took place on the 10th anniversary of the Association, which brings together Europe's leading National Promotion Institutions, including the European Investment Bank (EIB)

In 2022 alone, ELTI members institutions financed projects worth more than 320 billion

Three cutting-edge European projects in the field of sustainability and social innovation awarded with the ELTI awards

Madrid/Rome, July 20, 2023 – The CEO of Cassa Depositi e Prestiti (CDP) Dario Scannapieco is the new president of the European Long Term Investors Association (ELTI), the Association that brings together Europe's 32 leading National Promotion and Financial Institutions, including the European Investment Bank (EIB).

Scannapieco's appointment comes on the association's 10th anniversary. Founded in Paris in 2013 to foster joint initiatives for sustainable growth among the National Promotion Institutes of EU member countries, ELTI today ensures coordinated dialogue with European institutions and joint actions in strategic areas such as energy supply, infrastructure and social development, digitization, and energy transition, while also helping to attract resources and investment for the private sector. With total assets of more than 2.7 trillion euros, ELTI member institutions have financed new projects worth more than 320 billion euros in the past year.

The new president's three-year term will be marked by a twofold objective: to further strengthen the association's leadership at key European discussion tables - also by strengthening the internal governance - and to contribute to its further enlargement, by working for new strategic partners to join the Association.

Newly elected ELTI President Dario Scannapieco, General Manager and CEO of the Italian Cassa Depositi e Prestiti - CDP, commented on its mandate and on the 10th anniversary of the association:

“It is a great honour for me to have been appointed today as ELTI President, and I would like to warmly thank the former President, Laurent Zylberberg, and all the members of the Association for the trust and support in this journey. ELTI represents 32 National Promotional Banks and Financial Institutions of Europe, having doubled its number of members in just 10 years.This diversity of perspectives, coupled with the increased recognition that the association has achieved in many relevant European fora, will represent a key element to keep up with the economic and geopolitical challenges ahead. We have today traced our path for the next 10 years, with new financing commitments for more than 320 bn EUR in 2022, resources that will allow us to strategically support EU strategic objectives, also thanks to a further enlargement to new members. I look forward to chairing ELTI and bringing the Association to the next level - Together we can do more!”

Innovative European projects awarded with ELTI Awards

The ELTI's 10th anniversary also marked the occasion for the ELTI Awards ceremony, assigned to cutting-edge projects in the areas of green innovation, social impact and sustainable investment.

The three winning projects, presented by Medical Inventi SA (Poland), PILI (France) and Social Finance Foundation (Ireland), were selected from more than 40 proposals from banking institutions, public-private partnerships, companies and startups from all over Europe, and more specifically concern projects in the biomedical field, with the conception of innovative bone-substituting bio-compound; the chemical field, with the proposal of a bio-based dye; and the field of impact finance.

The newly elected ELTI President Dario Scannapieco (Italy CDP) has declared: “NPBIs are sustaining a broad range of companies and projects across Europe. All the 32 ELTI members are financing impactful projects all over Europe providing more than 320 billion EUR for SMEs, research & development, infrastructure, municipalities, social housing and education only in 2022. The winners of the 2023 ELTI awards are lighthouse projects in the areas of innovation, green and sustainable investments, and social impact: all grounds that represents the core of the Association action. We were overwhelmed by more than 40 impressive proposals for the awards submitted by our members. This underlines once more the added value of National Promotional Banks and Institutions for the economy and for society as a whole. Congratulations to the three winners!”

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