The Long Term Investors Club (LTIC) today welcomes its member number 18: the Official Credit Institute (ICO). The Spanish public bank, with a total of assets on the balance sheet of 115,000 million euros as of December 31, 2012, is the first Spanish institutional investor to join the club.
Launched in 2009 by the four main European public financial institutions: Caisse de Dépôts, Cassa depositi e prestiti, BEI and KfW, the Long Term Investors Club quickly became a global platform made up of the main financial institutions and institutional investors from all over the world.
The Club represents a combined balance of 4.6 trillion dollars, a figure that makes it one of the largest investor platforms in the world.
Conceived as a member-driven and project-oriented organization, LTIC brings together global financial institutions and investors committed to supporting the large financial investments that are necessary for more sustainable economic growth, nationally and multilaterally.
In the current context, in which long-term investment occupies a priority place on the agendas of the G20, the European Union and the OECD, the institutions of the Club work to promote stability and economic growth.
