European Investment Bank

European Investment Bank

The European Investment Bank ("Banque Européenne d'Investissement") is the European Union's long-term lending institution established in 1958 under the Treaty of Rome. A policy-driven bank, the EIB supports the EU’s priority objectives, especially European integration and the development of economically weak regions. Recently, the Bank has also been actively supporting European R&D projects as part of EU's objective of building the world's leading knowledge-based economy.

The EIB is an international financial institution, a publicly owned bank. Its owners are the Member States of the European Union, who subscribe to the Bank's capital - EUR 164 billion. As shareholders the Member States are represented on the Bank's main independent decision-making bodies - the Board of Governors and the Board of Directors [] . Since the year 2000 the Bank itself became a member of the EIB Group (including its venture capital arm - the European Investment Fund).

The total subscribed capital of the Bank as of end-2007 was EUR 164 billion, of which EUR 8.2 were actually paid-in. Due to the fact that on average EIB extends around EUR 50 billion per year in the form of various loan products, the Bank uses its AAA credit rating and funds itself by raising equivalent amounts on the capital markets.

For the fiscal year 2007, EIB approved around EUR 56.5 billion in various loan products of which EUR 48.7 billion were within the EU and EFTA member states with the remainder dispersed between "partner countries" (in accordance with the terms and conditions laid down in the various agreements linking the European Union to some 130 countries in South and Eastern Europe, the Mediterranean region, Africa, Asia, Latin America, the Caribbean and the Pacific).

The headquarters is situated at 100 Boulevard Konrad Adenauer in Kirchberg, Luxembourg. The building's first phase was designed by British architect Sir Denys Lasdun and is one of his few works outside the UK.

In 2007, the EIB opened a regional office in Helsinki, located at the headquarters of the Nordic Investment Bank (NIB), with a view to enhancing the Bank’s presence in the Baltic Sea region [] .


The EIB is governed by the:

* Board of Governors - usually the Finance Ministers of the Member States
* Board of Directors - 28 members representing each Member State and the European Commission. There are 16 Alternates, meaning that some of these positions will be shared by groupings of States. The Board also has the right to co-opt a maximum of 6 experts (3 Directors and 3 Alternates), who will participate in the Board meetings in an advisory capacity, without voting rights.
* Management Committee - the President of the EIB and 8 Vice Presidents
* Audit Committee - 3 members and 3 observers appointed by the Board of Governors

ee also

* Institutions of the European Union
* European Investment Fund


External links

* [ Official site of the European Investment Bank]
* [ European Investment Bank] European Navigator
* [ Information pages about European Investment Bank]

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • European Investment Bank — ˌEuropean Inˈvestment ˌBank abbreviation EIB noun BANKING ORGANIZATIONS an institution of the European Union that lends money for investment for roads, communications etc and business development inside and outside the EU: • The European… …   Financial and business terms

  • European Investment Bank — (EIB) a non profit making body that grants loans to members or to undertakings for investment in the European territories of the member states. Other sources of finance have to be utilised in the project as well as the EIB component. It borrows… …   Law dictionary

  • European Investment Bank — EIB A bank set up under the Treaty of Rome in 1958 to finance capital investment projects in the European Economic Community (EEC). It grants long term loans to private companies and public institutions for projects that further the aims of the… …   Big dictionary of business and management

  • European Investment Bank — /ˌjυərəpi:ən ɪn vestmənt b ŋk/ noun international European bank set up to provide loans to European countries. Abbreviation EIB …   Dictionary of banking and finance

  • European Investment Bank — (EIB)   Established in 1957 to finance capital investment that will benefit and aid EC development. Although the Member States provide a subscription capital, it raises most of its funds on the international capital markets. Its major objectives… …   Glossary of the European Union and European Communities

  • European Investment Bank — …   Useful english dictionary

  • European Investment Bank loan — Europos investicijų banko paskola statusas Aprobuotas sritis Europos Sąjungos finansų politika apibrėžtis Europos investicijų banko pareiškėjams ir (ar) projektų vykdytojams skolinamos lėšos, skirtos naudoti kaip iš Europos Sąjungos struktūrinių… …   Lithuanian dictionary (lietuvių žodynas)

  • European Central Bank — European Central Bank …   Wikipedia

  • European Investment Fund — The European Investment Fund, established in 1994, is a European Union agency for the provision of finance to SMEs (small and medium sized enterprises) headquartered in Brussels.It does not lend money to SMEs directly; rather it provides finance… …   Wikipedia

  • Nordic Investment Bank — Logo of the Nordic Investment Bank. The Nordic Investment Bank (NIB) is an international financial institution founded in the mid 1970s by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. In 2005, Estonia, Latvia and… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.