WHAT IS THE EUROPEAN INVESTMENT BANK ? AND DOES IT DO ?

NOVEMBER 16:

What is the EIB, European Investment Bank ? And what is it doing?

EIB is the long-term loan institution of the European Union. You can say that it is the bank of the EU. It was created in 1958 by the Treaty of Rome.  It has its headquarters in Luxembourg. Its shareholders are the member states of the EU.

The purpose of EIB is to give long-term loans, which promote European integration and social cohesion. Its priority areas for its loans are today projects on innovation and skills, small and medium-sized companies, infrastructure,  climate and environment.

The Bank gives loans to projects in EU’s member states, in applicant countries, in other countries in the neighbourhood of EU and in developing countries all over the world.

EIB is the world’s biggest lending institutions. It has during its 60 years of existence supported altogether 11.900 projects in 162 countries. And the total amount of its loans is 1,1 trillion €.  It is able to get its money on favorable conditions on the capital markets, because all the EU member states are the shareholders.

EIB’s logo:      


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