Bank of Valletta hosted the annual meeting of the Financial Institutions Shareholders Group of the European Investment Fund. The meeting was held in Malta on 20 September at BOV Centre in St Venera. It was attended by representatives of the various European financial institutions that have a shareholding in the EIF. Bank of Valletta is one such shareholder.

The President of the European Investment Bank, Philippe Maystadt, the Vice President of the European investment Bank, Philippe De Fontaine and the Chief Executive of the European Investment Fund, Francis Carpenter were be among the distinguished personalities addressing the meeting.

The objective of the meeting was to keep the financial institutions updated with the latest developments of the European Investment Fund and to discuss various areas of interest and future plans.

Bank of Valletta’s Chief Executive Officer, Tonio Depasquale said, “We are delighted to have hosted the EIF Financial Institutions Shareholders Group in Malta and. We put together an interesting programme of events where participants also had the opportunity to witness some of the historical and cultural heritage that Malta has to offer.”

The European Investment Fund is the prime European institution whose main objective is to support the creation, growth and development of enterprises. The European Investment Fund is a public-private partnership whose tripartite shareholding includes the European Investment Bank (66 per cent), the European Union represented by the European Commission (25 per cent), and a number of European banks and financial institutions (nine per cent). EIF intervenes by means of capital and guarantee instruments, using either its own funds or those available within a framework of mandate entrusted to it by the EIB or the European Commission.