The European Investitionsbank (short EIB) was created 1958 on initiative of the French president Charles de Gaulle and has its head office has it in Luxembourg. The EIB is as financing instrument of the European union responsibly for the assignment of credits and endorsements to public and private institutions in agreement with the goals of the union, in particular for the improvement of the intra-European economic and social co-operation. In the first decades the emphasis of the EIB lay on the financing and the reconstruction of the infrastructure in the European Union member states. In the context of the European Union external relations the EIB is responsible for the financial conversion from agreements to to development-co-operation-the the EIB is bound its own organ of the European union and thus not at instructions of commission or parliament, it consults these however. Together with the European investment fund it forms the EIB group.

Structure

The committees of the EIB are the advice of the governors, the board of directors, board of directors and the .

• The advice of the governors consists of the responsible specialized Ministers of the member states, usually is this the Ministers of Finance. They together specify the guidelines for the credit policy, approve the annual balance and the result statement, give permission for the participation of the bank in financings outside of the union and decide on capital increases. Besides you order the members of the other committees. The chairman is at present the Frenchman Thierry Breton.
• The decision over loans and endorsements is incumbent on the board of directors. It ensures the normal administration of the institute and the adherence to of the legal regulations (EGV), the EIB statute and the guidelines of the advice of the governors. 25 members are appointed by the member states, a member are a representative of the European commission. The term of office amounts to five years, a reorder is permissible. Voters experts can be ordered up to six. The members do not only receive remuneration, but meeting funds. Chairman is Philippe May city from Belgium.
• board of directors is the executive body of the EIB. Under the supervision of the president and controlled by board of directors transacts it the current business, prepares the decisions of the board of directors and ensures their conversion. The term of office amounts to six years, a reorder is permissible.
• The independent supervises the execution of the business and examines the books of the bank. It refunds to the advice of the governors Bericht. The committee covers three members and three observers, that are appointed by the advice of the governors for three years.

Function

The capital of the EIB is made available on the one hand by the member countries, by drawing in accordance with its economic efficiency (gross domestic product) portions to the EIB. On the other hand it takes up extensive means at the capital markets. Since the member states are owners of the bank, them have on the international financial markets a outstanding Rating (AAA). Projects eligible for promotion are financed up to 50% of the sum total, this to favorable conditions (e.g. low interest) to the order are normally placed. The investment goals are specified of the EIB in a "“operational total plan"” for one period of three years. The operational priorities are the following thereby:

• Economic and social co-operation in the extended European Union
• Conversion of the Innovation-2010-Initiative
• Development of the nets and the entrance nets
• Support of the development and co-operation politics of the European Union opposite the partner countries
• Protection and improvement of the environment, among other things the climatic protection and renewable energies
• Support of KMU and of medium sized enterprises

The EIB writes an annual report over its activities.

See also

• Development bank
• Advancement programs of the European Union
• European bank for reconstruction and development

Related links

• Official Website
• Information with Europe digital
• European Invesitionsfonds

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