The European Investment Bank was set up by the Treaty of Rome and is an integral part of the institutional structure of the European Union. Its task is to facilitate the financing of investments and contribute to the balanced development of the Union. It borrows, usually through bond issues, a large volume of funds which it lends on to finance investment in accordance with the following objectives of the European Union: development of less favoured regions, construction of trans-European networks for transport, telecommunications and energy, reinforcing the international competitiveness of industry and small and medium enterprises, improving the environment and securing energy supplies. In addition the Bank cooperates in the implementation of European Union policy with some 130 countries throughout the world. With borrowings of ECU 14.1 billion and lendings of ECU 19.9 billion for 1994 alone, the EIB is the largest of the international financing institutions.
For further information please contact:
The European Investment Bank