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Financial Technology Transfer Agency, Luxembourg (ATTF)

Financial Technology Transfer Agency, Luxembourg (ATTF) Agence de Transfert de Technologie Financière, Luxembourg Created 6/10/1999 Stock company (“Société Anonyme”). Shareholders. Major shareholder : The State of the Grand-Duchy of Luxembourg (52%) Other shareholders :

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Financial Technology Transfer Agency, Luxembourg (ATTF)

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  1. Financial Technology Transfer Agency, Luxembourg • (ATTF) • Agence de Transfert de Technologie Financière, Luxembourg • Created 6/10/1999 • Stock company (“Société Anonyme”)

  2. Shareholders • Major shareholder: • The State of the Grand-Duchy of Luxembourg (52%) • Other shareholders: • Central Bank of Luxembourg (BCL) • Chamber of Commerce of the Grand Duchy of Luxembourg • Federation of the Professionals of the Financial Sector (PROFIL) • Financial Sector Supervisory Commission (CSSF) • Institute for Training in Banking, Luxembourg (IFBL) • University of Luxembourg 2

  3. Resources • 8 staff members(permanent) • + 80 experts(non-permanent) • Senior bank managers, freelance consultants • Senior public consultants (mostly based in Luxembourg) 3

  4. Main Objective • Technical assistance • Target countries of the Luxembourg Government 4

  5. 34 target countries / regions • New EU Members: Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia • Eastern and Southern Europe: Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Moldova, Montenegro, Romania, Russia, Serbia, Turkey, Ukraine • Caucasus: Azerbaijan, Georgia • Africa: Cape Verde, Egypt, Tunisia • Latin America: El Salvador • Asia: 1. Central : Kazakhstan, Uzbekistan 2. Far East : China, Laos, Mongolia, Vietnam 5

  6. Action lines • Strengthening of financial structures - Training, consultancy • Support of sustainable development and fight against poverty - Microfinance, banking system development • Promotion of Luxembourg Financial Centre - Contacts, links 6

  7. Support network 48 official partners • In each target country • Representing the whole banking community • According to the country: • Central Bank • Ministry of Economy, Ministry of Finance • Financial Sector Supervising Authorities • Banks Association • Institute for training in banking 7

  8. 2005 in figures 8

  9. Financing • Luxembourg State • Ministry of Finance … State Budget • Ministry of Foreign Affairs … State Budget • Fund to fight drug trafficking … Special Funding • International Institutions • European Commission • European Bank for Reconstruction and Development (EBRD) • … • Direct customers 9

  10. Turnover • 2000: € 690 000 • 2002: € 1 613 400 • 2004: € 2 135 000 • 2006: € 2 225 000 (budgeted) 10

  11. ATTF is a member of • EUROPEAN BANK TRAINING NETWORK (EBTN) • Created in 1992 by E.U. countries based training institutes in banking • Objectives: • Platform for professionals in bank training • Basis for launching common initiatives in bank training at: • · European level • · International level • Membership: • Full members (Europe) • Correspondent members (out of Europe) 11

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