The European Investment Bank (EIB) is jointly owned by the EU countries. It seeks to:
The Bank borrows money on capital markets and lends it on favourable terms to projects that support EU objectives. About 90 % of loans are made within the EU. None of the money comes from the EU budget.
The EIB provides 3 main types of products and services:
The EIB makes loans above EUR 25 million directly. Where smaller loans are involved, it opens credit lines for financial institutions that then lend funds to creditors.
All EU countries are shareholders in the EIB. Decisions are taken by the following bodies:
The Audit Committee checks that EIB operations are conducted in a proper manner.
The Bank's departments implement management decisions.
It makes borrowing and lending decisions, based on the merits of each project and the opportunities offered by financial markets. Within the EU, it has specific lending priorities. Outside the EU, it supports the EU development and cooperation policies worldwide.
As an independent body, the Bank takes its own borrowing and lending decisions. It cooperates with other EU institutions, especially the European Commission, the European Parliament, and the Council of the EU.
If run a business or work in the public sector and you have a project that could contribute to achieving EU policy objectives, you could be eligible for an EIB loan. To apply, contact the EIB by e-mail, web form or through its offices, providing sufficient information to enable the Bank to judge whether the project meets its lending objectives and has a well-developed business plan.
The EIB is the majority shareholder of the European Investment Fund (EIF), which provides funding to small and medium-sized enterprises (SMEs) through venture capital and risk finance instruments. Other shareholders are the European Commission and financial institutions from across Europe. Established in 1994, the Fund is active in all EU countries, prospective member countries, Liechtenstein and Norway.
EIF products include:
- venture capital and micro-financing for SMEs, particularly new and innovative companies
- guarantees for financial institutions, to cover loans to SMEs
- help for EU countries and those in the process of joining the EU to develop their risk capital markets