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Chronology of the EIB: 1988-1997

Chronology of the EIB: 1988-1997

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10 April 1997

Financing of the construction of Öresund bridge, connecting Copenhagen (Denmark) and Malmö (Sweden), a vital transport link in the Trans European Transport Network (TEN-T). Every day 75 000 people use the bridge, 45% of them taking the 35-minute train ride.

12 February 1997

First borrowing operation in euros. This first transaction took place over a year before the new European currency was launched on 1 January 1999. The lead managers of the issuing syndicate were the Caisse des dépôts et consignations, Paribas and Warburg.

1 January 1995

Austria, Finland and Sweden join the EIB.

30 November 1994

Authorisation for operations in Gaza and the West Bank of Jordan. A 250-bedroom international-class hotel was co-financed by the EIB in Bethlehem in 1998, the first facility in this category in Palestine.

14 June 1994

Establishment of the European Investment Fund. The logo adopted by the EIF in 1994 depicts a bridge symbolising the link between public and private financing.

7 June 1993

Extension of the bank’s activity to Baltic countries (Estonia, Latvia and Lithuania).

1 April 1993

Start of the presidency of Sir Brian Unwin.

22 February 1993

Extension of the bank's activities to Latin American and Asian countries.

25 January 1991

Extension of the bank’s activity to the Czech and Slovak Federal Republic, Bulgaria and Romania.

25 January 1991

Authorisation for operations in South Africa. 10 years later, the EIB office for Southern Africa and the Indian Ocean was inaugurated in Pretoria. The palm tree in the middle of the photo was planted on this occasion, symbolising the fact that ’financial means alone are not sufficient’ if you are aiming for ’true sustainable economic growth.

29 May 1990

Participation as a founding member of the EBRD. Partnering with others is an important feature of the Bank’s operations. After the fall of the Berlin wall, the EIB quickly began providing financing to the Eastern European countries.

29 November 1989

Decision to finance projects in Poland and Hungary.

17 April 1989

Financing of a major urban regeneration project in Cardiff’s docks, in the United Kingdom. The EIB contributed to the development with investments for a congress centre, a hotel and an office building. Now Cardiff Bay is a major tourist attraction and a vibrant focus for city life that has also significantly boosted the economy of the rest of the city.