ANFIR joins EAPB
30 June 2021ANFIR (Associazione Nazionale delle Finanziarie Regionali), the national association of regional promotional institutions in Italy, has become associate member of the EAPB on 8 June 2021. ANFIR is constituted by all in all 19 Regional Promotional Institutions (Finanziarie Regionali) across Italy, one for each region or autonomous province.
The Association’s purpose is to represent its members interests on policy issues and providing a cooperation platform for its members on issues relating among others to banking supervision and regional promotional policy (among others via Financial instruments and Structural Funds). The Regional Promotional Institutions provide companies with a variety of financial instruments going from equity, loans, guarantees, counterguarantees, grants to tranched cover.
ANFIR has been co-founded by EAPB Member Finlombarda in 2014 as a non-profit association. The comprehensive balance sheet total of its members amounts to € 2,3 bn. Off-balance sheet, they manage € 9 bn in Structural Funds. The public ownership of ANFIR members goes from 51% to 100%. Some members of ANFIR have a Financial Intermediary Licence under the Art. 106 of the Testo Unico Bancario (TUB), subject to supervision by the Bank of Italy.
Mr. Philippe Mills, President of EAPB welcomed the new membership of ANFIR: “Having already relied on the specific know-how of Finlombarda over the years in the field of promotional policy, structural funds and sustainable finance, we are looking forward to our active cooperation with ANFIR in all of our policy fields and welcome the expertise that you will bring to our work and our lobbying initiatives, allowing us to better defend the common concerns of public banks and funding institutions.”
Mr. Michele Vietti, President of ANFIR and President of Finlombarda, is very satisfied with this important result: “I hope that this membership will strengthen, in EAPB, the precious comparison between European financial realities, situated in different States with different local laws, but united by common activities and purposes.”