External Auditors

The independent external auditors are designated by and report directly to the Audit Committee which assesses their independence and any potential conflicts of interest, including compliance with the Bank's policies on the provision of non-audit services by the external auditors.

Following an international call for tender KPMG was selected the Group external auditor for a period of four years starting 1 January 2009, renewable once for a further period of three years.

The following table identifies the services provided by KPMG in 2009, and the associated fees paid (in EUR).

Work undertaken by KPMG on behalf of, or at the request of EIB	Fees paid by the EIB	Investment Facility	Various Trust Funds¹	Other non-core audits (mandated operations, facilities and Joint Actions)	Total fees on work commissioned by EIB
	Fees paid by the EIB	Investment Facility	Various Trust Funds¹		Total fees on work commissioned by EIB	Audit of the financial statements – recurring and non-recurring	516,341	47,000	60,436	211,477	835,254
Audit of information on Corporate Responsibility	61,335				61,335
Support work:
Tax review	10,500				10,500
Foreign filings and registrations	35,532				35,532
Bond offerings	54,000				54,000
Total	677,708	47,000	60,436	211,477	996,621

1:FEMIP Trust Fund, EU-Africa Infrastructure Trust Fund, Guarantee Fund and Neighborhood Investment Facility Trust Fund.

E-mail