corporate_banner_en

EU bank tackles investment gaps in innovation and development

The blog
Press corner
All press releases
All other news
Press contacts
Events
All events
Business events
Institutional events
Newsletter
Publications
All publications
General
Reports
Information
Human resources
Strategies & procedures
Thematic
Geographical
Technical studies
Ex-post evaluation
Capital markets
Economic research
Ordering a publication
The historical archives of the EIB
EFSI Scoreboards
Help
Search criteria - General principles
How to search in the register
Result page
Latest documents
Basic search
Public register
Latest documents
Basic search
Frequently asked questions
Help
Search criteria - General principles
How to search in the register
Result page
Request a document
Other public registers
Picture library
News in pictures
Management Committee's Photos
Werner Hoyer
Dario Scannapieco
Jonathan Taylor
Ambroise Fayolle
Andrew McDowell
Vazil Hudák
Alexander Stubb
Emma Navarro
The EIB services
Building
Archives
Former Presidents
Former Vice-presidents
from left to right: Mustafa Abdel-Wadood, CEO,Abraaj Capital Limited, Philippe de Fontaine Vive Curtaz,Vice President, EIB and H.E. Eng. Yarub Qudah, CEO of JEDCO
Greater Manchester Metrolink extension
Mr Olaf Scholz, Mayor of Hamburg
Fritz Vahrenholt, Chief Executive Officer, RWE Innogy GmbH, Germany, Karina Veum, Senior Researcher, Energy Research Centre of the Netherlands, Alistair Buchanan, Group Chief Executive, OFGEM, UK regulator of gas and electricity markets and Frauke Thies, EU Energy Policy Coordinator, Greenpeace
Mr Matthias Kollatz-Ahnen, Vice-President of the EIB
from left to right:Jörg Vogt, CFO, Trianel, Germany (Project: Borkum West II Offshore Wind Park), Pierre Lestienne, CFO, C-Power, Belgium (Project: C-Power near Ostend) and Georg Friedrichs, Vice-President, Head of Offshore Wind Projects, Vattenfall, Germany (Project: Thanet Offshore Wind Farm)
from left to right: Mr Kevin Smith, Director Wind Energy, Det Norske Veritas, Norway, Mr Frank V.Nielsen; Chief Technology Officer, LM Wind Power, Denmark and Mr Konstantin Staschus, Secretary General, European Network of Transmission System Operations for Electricity (ENTSO-E)
from left to right: Mr Rober Harrabin, Environmental Analyst, BBC and Mr Hans-Jörg Bullinger, President, Fraunhofer-Gesellschaft of Germany
Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division, Mr F. de Paula Coelho, Director of the ALA Department of the EIB and Mr Christophe Nègre, Deputy Head of Division, Legal Department of the EIB
From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department of the EIB and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
Group picture of the signature Brazil Climate Change Mitigation
Picture of all the participants at the signature EFL loan for SMEs and Mid-Caps III
FROM LEFT TO RIGHT: Mr ANDRZEJ KRZEMINSKI President of the Management Board- EFL and Mrs FÜRSTENBERG-LUCIUS, Director EIB
FROM LEFT TO RIGHT: Mr ANDRZEJ KRZEMINSKI President of the Management Board- EFL and Mr Mariusz KOLWAS, Vice-President of the Management Board - EFL
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB, Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Zygmunti TRYBKA, Director of the Financing Department EFL and Mr Piotr KOZIOL, Director of the Legal Department EFL
Group picture of the signature EFL Loan for SMEs and Mid-Caps III
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
from left to right: Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director of the Central and Eastern Africa, Pacific Department of the EIB
Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
J.A.Mannai, Président du Fonds Monétaire Arabe; P.Maystadt, Président de la BEI; A.M.Ali Al-Madani, Président de la Banque Islamique de Développement; F.Baroin, Ministre de l'Economie, des Finances et de l'Industrie; D.Kaberuka, Président de la Banque Africaine de Développement; C.Lagarde, directrice générale du FMI
Photo de la signature
Photo de groupe de la signature
from left to right: Founders and biggest investors:
From left to right: all investors+Fund Manager:
Mr Anton Rop, Vice President of the European Investment Bank
de gauche à droite: M. Othman Ben Arfa, PDG de la STEG, M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale
de gauche à droite: M. Othman Ben Arfa, PDG de la STEG et M. Philippe de Fontaine Vive, Vice-président de la BEI
de gauche à droite: M. Othman Ben Arfa, PDG de la Société Tunisienne de l'Electricité et du Gaz , M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale
De gauche à droite:
Closing Ceremony Rural Impulse Fund II SA, SICAV-SIF; Luxembourg 1st June 2010
Closing
de gauche à droite: M.Carlos Da Silva Costa ,Vice Président de la BEI et M. Valls i Riera, Président de l'Autoridad Portuaria de Barcelona.
de gauche à droite: Carlos da Silva Costa, vice-président de la BEI et Ignacio Galán, Président d'Iberdrola
M. Philippe Maystadt, Président de la BEI, S.E.M. Premier Ministre de la Serbie et M. Dario Scannapieco, Vice-Président de la BEI à la signature de contrats
M. Philippe Maystadt, Président de la BEI et S.E.M. Mirko CVETKOVIC, Premier Ministre de la République de Serbie à la signature du livre d'or
Mr. I Dalianis, Financial Manager of Symetal ,Mr. K Kontos, General Manager of Symetal , Mr P Sakellaris Vice President of the EIB, Mr. D Kyriakopoulos, Executive Vice President of Elval and Mr. L Varouchas, General Manager of Elval
Mr P.Sakellaris, Vice President of the EIB and Mr D. Kyriakopoulos, Executive Vice President of Elval
Mr P. Sakellaris, Vice President of the EIB and Mr D.Kyriakopoulos, Executive Vice President of Elval
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
The Marseille Center for Mediterranean Integration is launched today
Le Centre de Marseille pour l’Intégration en Méditerranée est inauguré aujourd’hui
Photos
Session on "Modelling Cities and Urban Dynamics" hosted by the EIB-University Action Programme
Projects
Video library
All videos
Podcasts
Open learning
Contact

EU bank tackles investment gaps in innovation and development

  • Record number of 901 projects approved in 2017, up 15% on 2016
  • More than 78 billion euros for infrastructure, innovation, the environment and small and medium-sized enterprises
  • President Hoyer proposes reorganisation to increase efficiency in development finance

“Since its establishment in 1958 the EU bank, which celebrates its 60th anniversary this year, has invested over one trillion euros based on a cash contribution by the Member States of just 14 billion euros,” European Investment Bank President Werner Hoyer said today.

“It is an excellent deal for Europeans. That trillion attracted other investment from the private sector, generating total investment of over three trillion euros. All this money went into making Europe more open, competitive, cohesive and fair, and into doing our part in global development over the decades”, stated Hoyer at the EIB Group’s annual press conference in Brussels. “60 years after it was founded, the EU bank’s mission to invest in viable projects across Europe and across the world, focusing on where investment is most needed, is more relevant than ever. But we are not complacent and continuously work to increase our impact”, he added.

The EU bank also continuously works to improve its governance. This week, the first Gender Action Plan was approved. It reflects the EIB Group’s commitment to supporting the rights of girls and women and their financial inclusion in the EIB’s activities in Europe and beyond.

In 2017, the EU bank:

  • approved a record number of 901 projects, supporting small and medium-sized companies, fostering innovation, protecting the environment and helping to build crucial infrastructure;
  • provided 78.16 billion euros to help deliver on EU policy goals in Europe and worldwide, supporting total investment of around 250 billion euros by crowding in private capital.

Growth capital gap

The record number of projects reflects a stronger focus on smaller deals and increasing support for innovative companies to help them grow. By filling the gap in the European market for growth capital, the EU bank is helping to increase the continent’s competitiveness. In 2017, nearly 30 billion euros of financing went to small and medium-sized companies and nearly 14 billion into innovation. The European Investment Fund (EIF), as part of the EIB Group, plays a crucial role in this area as the biggest single source of venture capital in Europe. The EIF committed 9.34 billion euros of financing last year.

The EIB Group has also been increasing its advisory services aimed at identifying and developing investable projects. By the end of 2017, our ongoing advisory assignments had the potential to generate 40 billion euros of new investment. “Our specialists are working on these assignments mostly in cohesion countries, allowing us to reach a wider range of companies and public entities which need help in making their projects bankable,” Hoyer said.

Delivering on the Juncker Plan

Using the EU budget and the EIB’s own funds under the European Fund for Strategic Investments (EFSI), a guarantee facility managed by the EIB Group, the EU bank engaged in riskier investments, reducing the risk for private investors and addressing the reluctance to invest that had plagued the European economy during the financial crisis. By the end of 2017, EFSI, the financial arm of the Juncker Plan, had mobilised 257 billion euros of investment. This means that EFSI is well on track to achieve 315 billion euros of investment based on a guarantee of 21 billion.

“EFSI is a great example of what the EU bank can do to help scarce public resources achieve more”, President Hoyer said. “It shows that the shift from grants and subsidies to loans and guarantees can be a powerful policy tool. We welcome the extension of the Juncker Plan approved earlier this year. Based on the lessons learned during this period and our strong track record, we offered to take on more responsibility under the post-2020 EU Multiannual Financial Framework.”

Increasing the impact of development finance

Development finance can benefit from a similar paradigm shift from grants and subsidies to loans and guarantees. The EIB has unique experience in crowding in private investment. “We have begun discussions with our shareholders, the EU Member States, and the European Commission on bundling our development finance activities into a dedicated structure within the Group to deliver EU development policy more efficiently”, President Hoyer said.

“We want to enhance our impact and make sure we get better at partnering with others”. President Hoyer said. “There isn’t enough public money in the world to address global development challenges. Catalysing private investments is the only way to finance the achievement of the Sustainable Development Goals,” he added.

“Multilateralism has been criticised and attacked recently. The EU bank remains committed to international and multilateral cooperation. No-one is stronger alone. In an interconnected world, it is absurd to think that we can achieve success in delivering global development and prosperity if we don’t work together”, he added.

The EU bank is already one of the largest multilateral development banks: in 2017, it invested almost eight billion euros, a tenth of its financing volume, in projects outside of the EU.

Tackling climate change

Two focus areas of its investment outside the EU are climate change and economic resilience. The EU bank is the biggest single multilateral financier of projects to fight climate change and mitigate the effects of this man-made global threat. In 2017, it invested 19 billion euros for this cause, more than 27 percent of its total financing. It stands by its pledge to invest 100 billion euros in this area over the period 2016-2020.

“The EIB is the world’s largest multilateral financer of climate action projects, and we are proud to continue. Last December, at the One Planet Summit convened by President Macron, we announced our partnership with the Global Covenant of Mayors, co-chaired by Michael Bloomberg and European Commission Vice-President Maroš Šefčovič,” Hoyer said. “The partnership is an example of multilateral cooperation and climate action, in the face of public policy that is sometimes heading in the opposite direction.”

Helping address migration

At the request of the EU, the Bank launched at the end of 2016 the Economic Resilience Initiative, with a view to providing six billion euros in additional investment in the EU’s Southern Neighbourhood and the West Balkans.

“From a humanitarian as well as from an economic perspective, the best solution is to invest into improving people’s living conditions, in order to generate hope and reduce the pressure on them to leave their homes”, Hoyer said.

After one year, the EIB has reached 25 percent of the additional six billion euros volume, as targeted. Additional investment in the region will help improve living conditions and alleviate the causes and consequences of migration. More than half of the financing goes into the private sector, supporting jobs at small and medium-sized companies.   

Pioneering new instruments in financing 

The EIB Group is not only the biggest multilateral lender, but also the biggest multilateral borrower worldwide. It is self-financed, with its lending activities being mainly funded via bond issuance in the international capital markets. The Bank successfully raised 56.4 billion euros from investors around the world last year. Ten years after pioneering the first Green Bonds, we remain the largest issuer, with over 20 billion euros raised for climate projects since 2007.

Following up on the success of the Green Bonds, the EU Bank is considering introducing new kinds of bonds linked to the achievement of Sustainable Development Goals, with the aim of attracting more private capital to projects in developing countries.

Press conference documents

Useful links:








 Print
 Pdf
 Short Link