SID Bank maintains diversified international activities through membership in international organizations and associations, as well as through active links with institutions operating in the same or related fields (especially development and financial institutions, commercial banks, insurance and reinsurance companies and export credit agencies). Through the exchange of information and best practices, good relations and other forms of cooperation, financial institutions reduce the risks to which they are exposed on a daily basis.
Membership in international (banking) associations
ELTI (European Long-Term Investors Association)
The European Long-Term Investor Association (ELTI) was set up in Paris following the publication of the European Commission's Green Paper on the long-term financing of the European economy in July 2013. It brings together national development and stimulus banks and institutions that offer financial solutions tailored to the specific needs of their countries and economies. The ELTI aims to promote long-term investment in line with the objectives and initiatives developed by the European Union to promote sustainable, smart and inclusive growth and job creation.
SID banka has been a member of the association since its establishment.
EAPB (European Association of Public Banks)
The European Association of Public Banks (EAPB) has been active since 2000 and is the voice of the European public banking sector. The EAPB directly and indirectly represents more than 90 financial institutions. Members are national and regional promotional banks, municipal finance agencies and public commercial banks across Europe. EAPB members provide financial services and funding for projects that support sustainable economic and social development, including activities ranging from corporate finance and the promotion of a greener economy to funding for social housing, health care, education and public infrastructure at national, regional and local levels.
NEFI (Network of European Financial Institutions for Small and Medium Sized Enterprises)
The Network of European Financial Institutions for Small and Medium-sized Enterprises (NEFI), set up in 1999, is made up of financial institutions from the Member States of the European Union. NEFI maintains a permanent dialogue with the institutions of the European Union and other associations involved in small and medium-sized enterprises (SMEs), provides expertise and advice to the EU administration and its financial institutions in planning and implementing financial schemes for SMEs, provides access to SMEs to the EU and national financial schemes, and is also intended for the exchange of experience between members and assistance in activities related to SMEs.
CCEE (China Central and Eastern Europe Investment CO-Operation Fund)
The initiative for cooperation between the countries of Central and Eastern Europe and China concerns the development in the fields of economy, infrastructure, education, science, culture and other. In the framework of economic cooperation, cooperation between the development banks of the initiative has also been established.
Membership in international insurance associations
Berne Union (The International Union of Credit and Investment Insurers)
The Berne Union was founded in 1934 as an international non-profit organization - a global community of more than 80 largest and most active export credit agencies and other public and private financial institutions such as the British ECGD, EXIM Bank USA, Germany's EulerHermes, France's COFACE, the Netherlands - German Atradius, Japanese NEXI, Austrian OeKB, Italian SACE, MIGA, etc. By supporting exports and outbound investment, the members of the Berne Union promote international trade and investment in both highly developed and emerging markets. In this context, they offer insurance and/or financing to exporters or their banks against political and commercial risks.
OECD Export Credits Group (Working Party on Export Credits and Credit Guarantees)
The Organization for Economic Co-operation and Development is an international organization working to formulate better policies for a better life. It aims to formulate policies that promote progress, equality, opportunities and prosperity for all. The OECD works through more than 300 committees, expert groups and working groups, covering almost all policy areas and proposing solutions, evaluating policy data and successes, and reviewing policy actions between Member States. On behalf of the Republic of Slovenia, SID banka, as its Export Credit Agency (ECA), participates in the Working Group on Export Credits and Credit Guarantees. Working group leads discussions on export credit systems and business activities of members, coordination of national export credit policies on issues of good governance, anti - bribery measures, environmental and social welfare and sustainable lending.
Council of the European union (Exports Credit Group)
In 1960, the EU Council set up an Export Credit Group to coordinate the financing, guarantees, insurance and reinsurance of export operations, supported by Member States' budgets. The Group, of which SID banka is also a member on behalf of the Republic of Slovenia, ensures that, within the framework of the EU's common trade policy, Member States do not undermine each other internationally and do not create unfair competition.
Shareholder in international associations
EIF (European Investment Fund)
The EIF is a specialized provider of risk finance for the benefit of small and medium-sized enterprises (SMEs) across Europe. Its shareholders are the European Investment Bank (EIB), the European Union and a wide range of public and private banks and financial institutions, including SID banka. It carries out its activities with its own resources or those provided by the European Investment Bank, the European Commission, EU Member States or other third parties. It increases SMEs' access to finance by developing and offering targeted financial products to its intermediaries, such as banks, guarantee and leasing companies, microcredit providers and private equity funds.
SID banka is an intermediary of EIF funds in Slovenia, through:
- the so-called Juncker Fund or EFSI (European Fund for Strategic Investments) within which the EIF-NPI Equity Platform was established, member of which is also SID banka. The platform aims to promote knowledge and the exchange of best practices between the EIF and the national incentive institutions of the EU Member States. Contact: gasper.jez@sid.si
- The Slovene Equity Growth and Investment Programme - SEGIP for equity financing of companies in the growth phase. Contact: natalija.stosicki@sid.si
3SIIF (Three Seas Initiative Investment Fund)
The Three Seas Initiative Investment Fund is an investment fund for financing key infrastructure projects in the Three Seas region, comprising 12 European Union member states between the Baltic, the Black Sea and the Adriatic, including Slovenia. The main objective of the fund is to invest in transport, energy and digital infrastructure on the north-south axis in the three seas member states and to reduce disparities in the development of individual regions of the European Union. The fund is managed by Amber Infrastructure Group, an independent specialized international investment manager.
The investors are already many development banks of the three seas, including SID banka.
SID banka's financial sources
InvestEU Advisory Hub
The InvestEU Advisory Hub is intended as a central entry point for project promoters and intermediaries seeking advisory support and technical assistance in relation to centrally managed EU investment funds.
Companies can contact SID banka, which is a local partner of the hub in Slovenia.
Contact: gasper.jez@sid.si
EIAH (European Investment Advisory Hub)
Designed by the European Investment Bank (EIB) and the European Commission (EC), the Hub acts as a single entry point into a comprehensive range of advisory services and technical assistance. Hub aims to provide targeted support for the identification, preparation and development of investment projects throughout the European Union. National development banks and other development institutions act as entry points for Hub services in individual EU Member States and provide investment advice for the implementation of local projects.
Companies can contact SID Bank, which is a local partner of EIAH for Slovenia.
Contact: gasper.jez@sid.si
Beside intensive cooperation in international organization SID Bank also maintains and develops close bilateral cooperation with numerous development banks, export-credit agencies and other financial institutions.
Call us at 01 200 75 00 or e-mail us at info@sid.si
SID Bank, the European Investment Fund, and the Croatian Development Bank HBOR have become cornerstone investors in the first technology innovation fund in Slovenia and Croatia.