New initiative supports European Securitisation Market

• ENSI: The European Investment Fund and National Promotional Banks launch the „EIF-NPI Securitisation Initiative“

The European Investment Fund (EIF) and several National Promotional Institutions (NPIs) have launched the „EIF-NPI Securitisation Initiative“ (ENSI) aiming at providing more funding to small and medium-sized enterprises (SMEs) via the capital markets.

The objective of this cooperation is joint participation in SME securitisation transactions in order to stimulate the availability of finance to SMEs in Europe by revitalizing the SME securitisation market and to catalyse resources from the private sector in the spirit of the European Fund for Strategic Investments in order to achieve a much wider outreach in support of SMEs.

The working group defines standard procedures and minimum criteria under which the respective promotional institutions are generally willing to participate in securitisation transactions and beyond that, it also discusses with the European Commission the option to deploy funds out of the European Fund for Strategic Investments for this purpose.

The ENSI partner institutions are EIF (EIB Group), KfW, bpifrance, CDP, Malta Development Bank Working Group, IFD, ICO and BBB. There are already a number of transactions in the pipeline which will be closed in due course.

Further information on ENSI

About KfW:

KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions across the globe on behalf of the Federal Republic of Germany and the federal states. To do this, it provided funds totaling EUR 79.3 billion in 2015 alone; and of this, 26% (EUR 20.4 billion) went into the promotion of small and medium-sized enterprises (SME) including individual entrepreneurs and start-ups. In addition to providing loans, equity and mezzanine financing, KfW supports capital market financing for SMEs by investing in related securitisations.