Tamara Perko, President of the Management Board of HBOR, was appointed Member of Administrative Board of the European Association of Public Banks (EAPB) for the second term of office. By the reappointment of Ms. Tamara Perko to the Administrative Board of the EAPB-a, the status of HBOR as an important member and representative of small development banks in this European association and as an important factor in the implementation of common European policies has been confirmed. Mr. Philippe Mills, Chief Executive Officer of Société de Financement Local (SFIL), France, was appointed President of the Association for the third term of office.

 

The association represents over 90 financial institutions

EAPB was established in 2000 with the aim of representing the interests of development banks and European state-owned banks. The Association currently has 29 members and represents directly or indirectly over 90 financial institutions with overall total assets of over € 3.500 bn and 15% market share of the European financial sector. HBOR is a member of this association since 2007.

 

On the occasion of her reappointment, Ms. Tamara Perko, President of the Management Board of HBOR, said: „In these challenging times, the contribution of national development banks is crucial for the recovery of national economies. Encouraging the use of all opportunities provided through the EU Multiannual Financial Framework will be one of HBOR’s priorities in the coming period in order for us to develop new forms of financing and provide favourable funds for investments in green economy and digitalisation, development of new technologies and production. A coordinated approach towards the bodies of the European Union enabled us to have a significant impact on the regulations related to these areas and this is why I will make special efforts within the association aimed at strengthening joint cooperation and interconnection.

 

Significant impact on regulations

We reiterate that the EAPB is successful in representing the interest of national promotional banks in the European Commission, the European Parliament and other European institutions, especially in those related to the new Multiannual Financial Framework. Furthermore, the association has made a significant contribution to lobbying for the interest of national banks in regulating the area of state aid and introducing the Temporary Framework. The Temporary Framework has allowed the EU member states to use the full flexibility provided for in the state aid rules to provide assistance to the economy due to the effects of the COVID-19 pandemic. The association is also active in the field of sustainable finance and the introduction of the taxonomy, i.e. the classification system at the EU level which defines environmentally sustainable economic activities.