TSKB is the only Turkish Bank among the founders of the European Association of Long-Term Investors (ELTI)

Turkey’s first private development and investment bank TSKB has taken place among the founders of the European Association of Long-Term Investors (ELTI) launched by most influential 16 long-term financial institutions of Europe to foster more sustainable, smart and inclusive European growth.

The Club of Institutions of the European Union Specialising in Long Term Credit (ISLTC), which TSKB is also a member, has decided to continue with its activities as the European Association of Long-Term Investors with a structural change during the board meeting on July 5.

Stating that the accomplishments of The Industrial Development Bank of Turkey (TSKB) in the international arena is highlighted once again by taking place in the formation of the European Association of Long-Term Investors, TSKB General Manager Özcan Türkakın said, “We are proud to take place as the only Turkish bank among the founders of the European Association of Long-Term Investors supporting sustainable growth. Obtaining a legal entity status by being officially registered among the institutions of the European Union, the European Association of Long-Term Investors will undoubtedly become an important platform related to long-term investment.”

The European Association of Long-Term Investors will support long-term investments in the EU

The European Association of Long-Term Investors’ goals include exchanging the experiences of its members and promoting academic research in finance. ELTI also intends to assume 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.

Founder Members of the European Association of Long-Term Investors:

European Investment Bank

Turkey: TSKB

Bulgaria: Bulgarian Bank

Croatia: Hrvatska Banka za Obnavu i Razvitak

Czech Republic: Ceskomoravska Zarucni a Rozvojova Banka

France: Caisse des Depots

Greece: National Bank of Greece

Hungary: MFB Hungarian Development Bank

Italy: Cassa Depositi e Prestiti

Latvia: Mortgage and Land Bank of Latvia

Malta: Bank of Valletta

Poland: Bank Gospodarstwa Krajowego

Portugal: Banco Portugues do Investimento

Slovenia: Slovenska Izvozna In Razvojna Banka

Spain: Instituto de Credito Oficial

Sweden: Swedish Export Credit Corporation AB Svensk Exportkredit European Investment Bank