European Investment Bank Group

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The EIB Group (also ‘the Group’) consists of the European Investment Bank and the European Investment Fund.

Transparency

The EIB is the European Union’s bank, owned by its member states. It works with other EU institutions to support EU policy and provides lending, blended finance and technical advice for investment both within and outside the EU. It became an IATI member in 2013, and started publishing IATI data in Sept.2014. PWYF page
    2018: Fair 57%   2016: Fair   2015: Fair   2014: Poor   2013: Poor 


European Investment Bank

The European Investment Bank was created by the Treaty of Rome in 1958 as the long term lending institution of the European Union (‘EU’). the mission of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States (‘MS’). To achieve this, the EIB raises substantial volumes of funds on the capital markets and lends these funds on favourable terms to projects furthering EU policy objectives. ... The EIB differs considerably from commercial banks in that its activity is driven by public policy objectives and it operates on a non-profit-making basis ref

The EIB is the European Union's bank. We are the only bank owned by and representing the interests of the European Union Member States. We work closely with other EU institutions to implement EU policy.

We are the world’s largest multilateral borrower and lender. We provide finance and expertise for sustainable investment projects that contribute to EU policy objectives. More than 90% of our activity is in Europe. But we also are a big investor around the world. ... ref

European Investment Fund

We are a specialist provider of risk finance to benefit small and medium-sized enterprises (SME) across Europe. We are part of the EIB Group. Our shareholders are the European Investment Bank (EIB), the European Union, represented by the European Commission, and a wide range of public and private banks and financial institutions. ref

Our central mission is to support Europe's small and medium-sized businesses (SMEs) by helping them to access finance. To this end, we aim at satisfying existing and future market needs by designing innovative financial products addressed to our partners (banks, guarantee, leasing and microfinance institutions, private equity and venture capital funds, among others), acting as our financial intermediaries.

By offering an Integrated Risk Finance Product Range of SME finance to our intermediaries, we complement the products offered by the European Investment Bank (EIB) with which we form the EIB Group. ref


European Investment Bank Institute

The Institute aims at channelling support, mainly through grants or sponsorship, to higher education and research activities, particularly in the field of applied economics within Europe.

We are committed to acting as a catalyst for economic and social development within the EU Member States. The EIB Institute recognises the value of the arts and culture as an integral part of both effective community engagement and corporate social responsibility. Art is a unique source of dialogue, offering an extraordinary repertoire for learning, exploring, experimenting, interpreting the present and building the future. ref


Governance

See p.4, http://www.eib.org/attachments/general/reports/eib_group_risk_management_disclosure_report_2017_en.pdf Under its Statute the EIB is governed by a three tier structure: the Board of Governors (‘BoG’), the Board of Directors (‘BoD’) and the Management Committee (‘MC’).

Articles

  • Apr.2015: Towards a Responsible Taxation Policy for the EIB. Identification of beneficial ownership + Country-by-country reporting. In Europe, loss of income caused by tax evasion and avoidance is estimated to be around €1trn per year. ... it is crucial that the European Investment Bank (EIB), as the ‘EU bank’, takes serious steps to address the current shortcomings of its policy and practices in order to rule out any support to companies that apply questionable taxation practices. It could be argued that EIB funds ending up in or supporting companies that make use of tax havens would be a violation of its own statutes which require the bank to employ its funds “as rationally as possible in the interests of the Union”. Antonio Tricarico, Re:Common, Re:Common, Counter Balance.