European Investment Bank

The European Investment Bank ( EIB for short ) has since its early days (1958 ) the task of " contributing to the balanced and steady development of the internal market in the interests of the Union" with its own capital resources (Article 309 paragraph 1 TFEU) and operates in this way " economic policies by lending "; The EIB is also active outside the EU.

Legal basis for their work is acc. Article 308 Clause 3 of the TFEU, the Protocol on the Statute of the EIB of 25 March 1957, as last amended by the Treaty of Lisbon.

The EIB, equipped with its own legal personality (see Article 28 Statutes), is not an organ of the European Union, " it stands as financial special equipment other than organs " and thus is not bound by any instructions of the Commission or the Parliament, consult this but. Together with the European Investment Fund, it forms the EIB Group, founded in 2000. Shareholders of the EIB, the EU Member States.

The subscribed capital of the EIB amounted to € 242 billion. Of this amount, statutory minimum of 5% has been paid. Your means the EIB raises over bonds in the credit markets.

Foundation

The EIB was founded in 1958 on the initiative of French President Charles de Gaulle along with the EEC and is headquartered in Luxembourg. There are also numerous branch offices.

Funding priorities

The EIB is committed as a financial instrument of the European Union pursuant to Article 309 TFEU the policy objectives of the Union and is flanked by other EU-supported measures. The objects will be located next to the EC Treaty, the Statute of the EIB as well as mandates, which are transferred from decisions of the European Council. It is thus responsible for the granting of loans and guarantees to public and private institutions in accordance with the objectives of the Union. Among the four priority funding objectives of the EIB in the EU include:

  • Regional development and cohesion (ie Greater European economic and social cohesion );
  • Implementation of the Innovation 2010 Initiative ( see Lisbon Strategy);
  • Development of trans-European networks ( TENs) and access networks;
  • Protecting and improving the environment, inter alia, Climate change and renewable energy.

Another focus is that of the EU development and cooperation policies towards the partner countries. Regional focus is on the Mediterranean ( here exists the Femip program) and the ACP countries ( Cotonou Investment Facility). As part of the EU's external relations, the EIB is also responsible for the financial implementation of agreements on development cooperation based on various EU ad hoc mandates.

Structure

The bodies of the EIB are:

Operation

The EIB's capital is the one provided by the member countries by them according to their economic performance (gross domestic product) subscribe for shares of the Bank. Secondly, it raises substantial volumes of funds on the capital markets by issuing bonds. As Member States are owners of the bank, she has the international financial markets has an excellent credit rating (AAA ). Eligible projects are financed usually up to 50 % of the total, it is provided on favorable terms (such as low interest rates ) are available. The investment objectives are established by the EIB in an " operational plan " for a period of three years. The EIB draw up an annual report on its activities.

In 2011, the EIB signed a new loan in the amount of EUR 61 billion for projects in nearly 70 countries. Of this amount, EUR 54 billion to finance within the European Union, and EUR 7 billion was awarded outside the EU. Disbursements reached EUR 60 billion. The EIB's the real economy as strong as never before supported.

Types of business entity Werner Hoyer Jean-Claude Juncker International financial institutions
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