The Hellenic Development Bank is a member of the D20 Long-term Investors Club

The President of the European Investment Bank Werner Hoyer welcomed the inclusion of the Hellenic Development Bank (HDB) as a new member of the D20 Long-term Investors Club (D20-LTIC). At the same time, it was announced that he will remain as co-chairman of the organization, following a decision by the Group’s Management Committee to extend his term for two more years.

The D20 LTIC Steering Committee met on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting in Denpasar, Indonesia and welcomed the Hellenic Development Bank as one of two new organizations joining as members. The second new member is PT Sarana Multi Infrastruktur (PTSMI), Indonesia’s national infrastructure development body.

The D20-LTIC works within the G20 to promote the role of long-term finance as a driver of economic growth and sustainable development around the world. President Hoyer has co-chaired the D20 LTIC since 2019, along with Dr. Ibrahim Almojel, CEO of the Saudi Industrial Development Fund (SIDF).

With the addition of its two new members, the D20 LTIC now consists of 24 institutions, including long-term investors such as the EIB, the German and Italian national development banks KfW and CDP, the Saudi SIDF and other major financial institutions financing the economic development, sovereign wealth funds, pension funds, public pension funds and insurance funds.

The President of the EIB, Werner Hoyersaid: “I am truly honored that my tenure as head of the D20 LTIC is being extended today in Denpasar. This is a clear sign of the confidence that the international investor community has shown in the EIB through its new arm EIB Global and in our ability to deliver effective solutions to the major investment challenges facing the world today. Infrastructure investment can be a powerful driver of sustainable economic and social development in the global economy, provided these investments are green, sustainable and socially conscious. The partnership with the G20 to unlock vital infrastructure investment and intensive cooperation on more effective financing instruments and project preparation will be my top priorities.

I am also pleased to welcome the Hellenic Development Bank to D20 LTIC. Ensuring that businesses across Greece can access finance, innovate, create jobs and be able to cope with the challenges intensified by COVID-19 is the joint goal of the Hellenic Development Bank and the EIB Group . HDB is a key source of funding for Greek SMEs and Greek banks and can take on business risk that commercial banks typically do not. D20 is able to add value to both HDB and Greek citizens through its knowledge, expertise and smart financial instruments, which facilitate better access to finance for small businesses and boost entrepreneurship.”

The President and CEO of the Hellenic Development Bank-HDB, Athena Hatzipetrou said: “Extroversion needs productive cross-border partnerships. It is a great honor for the Hellenic Development Bank to participate in the D20-Long Term Investors Club! HDB is a development institution that supports entrepreneurship and sustainable economic development with multiple tools. Our goal is facilitating business access to finance, combined with increasing employment and achieving ESG criteria”.

A global driving force for green and sustainable investment

The D20 LTIC works with the G20 and other relevant multilateral platforms to provide expert insights, thought leadership and best practice solutions to unlock more green and sustainable investment around the world. The organization also provides a forum for its members to share valuable knowledge and ideas about global investments.

D20 LTIC aims to increase investment in green and sustainable infrastructure globally and leverages vital private sector investment in public sector projects.