How is the EIB governed?

The EIB is governed by the:

• Board of Governors - usually the Finance Ministers of the Member States
• Board of Directors - 28 members representing each Member State and the European Commission. There are 16 Alternates, meaning that some of these positions will be shared by groupings of States. The Board also has the right to co-opt a maximum of 6 experts (3 Directors and 3 Alternates), who will participate in the Board meetings in an advisory capacity, without voting rights.
• Management Committee - the President of the EIB and 8 Vice Presidents
• Audit Committee - 3 members and 3 observers appointed by the Board of Governors

For further information on this and the structure of the services within the EIB, please see the EIB Organisation Structure pages on the website.

What is the EIB?

Established under the treaty of Rome in 1957 and created in 1958, the European Investment Bank (EIB) is the European Union's long-term lending institution. As a policy-driven Bank, the EIB supports EU priority objectives, notably European integration and social cohesion, through its financing operations.

What is the EIB Group?

The EIB Group was established in 2000, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF).

The EIF was established in 1994. It provides venture capital and guarantees for small and medium enterprises (SME). In June 2000, the EIF's Statutes were restructured and its shareholding structure was modified (with the European Investment Bank becoming majority shareholder) so as to endorse the role of the EIF as the exclusive vehicle for venture capital of the European Investment Bank (EIB).

Where are the headquarters of the EIB?

The EIB is based in Luxembourg:

100, boulevard Konrad Adenauer
L-2950 Luxembourg
Tel: +352 43 79 - 1
Fax: +352 43 77 04
E-mail: info@eib.org

Map showing how to access the EIB by road.

The EIB has regional offices in a number of locations both inside and outside the EU (List of offices)

Who are the owners of the EIB Group?

The EIB is an international financial institution, a publicly owned bank. Its owners are the Member States of the European Union, who subscribe to the Bank's capital - EUR 164 billion. As shareholders the Member States are represented on the Bank's main independent decision-making bodies - the Board of Governors and the Board of Directors.

The EIB is the EIF's majority shareholder (62%). Other shareholders are the European Commission (30%) and some twenty EU private banking institutions (8%).

Who is the President of the EIB?

The current President of the EIB is Philippe Maystadt (Belgium)

Former presidents are:

• Sir Brian UNWIN (UK), April 1993 - December 1999
• Ernst-Günther BRÖDER (DE), August 1984 - March 1993
• Yves LE PORTZ (FR), September 1970 - July 1984
• Paride FORMENTINI (IT), June 1959 - September 1970
• Pietro CAMPILLI (IT), February 1958 - May 1959

How does the EIB differ from commercial banks?

The EIB is a non-profit, policy-driven public bank.

The EIB does not:

• take deposits
• manage savings accounts to fund its assets
• have private customers
• manage personal bank accounts
• conduct over-the-counter transactions
• provide private investment advice
• manage stock portfolios
• provide overdraft or short term lending facilities.

The EIB operates like a development bank, raising its resources on the financial and capital markets, mainly through bond issues or other specialised capital market operations.

The EIB makes long-term loans for capital investment projects (mainly fixed assets) but does not provide grants. At a European level grants are managed by the European Commission.

What are the financing objectives of the EIB?

Within the EU the EIB has 6 priority objectives for its lending activity which are set out in the Bank’s business plan, the Corporate Operational Plan (COP).

• Cohesion and Convergence
• Support for small and medium-sized enterprises (SMEs)
• Environmental sustainability
• Implementation of the Innovation 2010 Initiative (i2i)
• Development of Trans-European Networks of transport and energy (TENs)
• Sustainable, competitive and secure energy

The COP is a strategic document, approved by the Board of Directors, for defining medium-term policy and setting operational priorities in the light of the objectives assigned to the Bank by its Governors. It is also an instrument for ex post evaluation of the EIB's activities. The plan spans three years, although the strategic projections may be adapted during this period in order to take account of new mandates and changes in the economic climate.

In which countries is the EIB active?

In 2005, about 89% of EIB financing went to projects located within the European Union.

Outside the EU EIB lending is based on EU external cooperation and development policies.

EU Mandates are:

• Pre-Accession:
  Candidate and Potential Candidate countries in the Enlargement region
• European Neighbourhood:
  Mediterranean Neighbourhood
  Russia and Eastern Neighbours
• Development:
  Africa, Pacific and Caribbean (ACP)
  Republic of South Africa
• Economic Cooperation:
  Asia and Latin America (ALA)

Lending under these mandates focuses on:

• Private sector development
• Infrastructure development
• Security of energy supply
• Environmental sustainability

What are the benefits of an EIB loan?

The EIB is able to raise funds at advantageous rates due to:

• An excellent AAA credit reputation
• The Bank's position as a major international borrower on the financial markets.

Being a non-profit-motivated institution, the Bank passes on the benefits to its clients in the form loans at fine rates.

Interest rates are based on EIB's borrowing cost with a small margin to cover administrative expenses and other costs.

The EIB can offer large loan amounts over long maturities in practically all major currencies.

The EIB never finances more than 50% of the total project cost, but the involvement of the EIB can act as a catalyst, encouraging other banks, financial institutions and the private sector to participate in an investment.

How does the EIB fund its lending?

The EIB is financially independent. It operates on a broadly self-financing basis, raising resources through bond-issues and other debt instruments, mostly publicly quoted on exchanges around the world. The EIB is one of the largest non-sovereign borrowers on the EU bond market. For further information please see the Capital Markets pages on the EIB website.

Which currencies does the EIB work with?

The EIB Group's financial accounts are in EUR. However, promoters borrowing from the EIB may choose any of the currencies in which the Bank works, including:

• Euro (EUR)
• UK Sterling (GBP)
• Swedish and Danish Crowns (SEK and DKK)
• Local currencies, in particular in the accession countries
• US Dollar (USD)
• Swiss Franc (CHF)
• Japanese Yen (JPY )
• South African Rand (RND)
• Currencies of other EIB partner countries.

Who can benefit from an EIB loan?

The EIB's clients are public and private sector bodies and enterprises. The project promoted by the public or private client must be in line with the eligibility criteria of the EIB and be economically and financially sound.

As a rule, the Bank lends up to 50% of the capital required for a project.

What are the principal lending facilities of the EIB?

In general terms, the EIB has two main financing facilities (please note that the EIB does not provide grants nor does it enter into cooperation agreements):

• Individual Loans for capital spending programs or projects costing more than EUR 25 million.
• Intermediated Loans (Global Loans) consisting of loan facilities to banks and financial institutions to help them to provide finance to customers with eligible spending programs or projects costing less than EUR 25 million. Lending decision under this scheme remains with the clearing bank or finance house with access to EIB funds. Promoters interested in global loan financing should contact the banks and intermediaries involved directly.

What is the procedure for obtaining an EIB loan?

No special formalities are attached to the submission of applications to the EIB for individual loans. Project promoters are required simply to provide the Bank's Operations Directorate with a detailed description of their capital investment together with the prospective financing arrangements.

Initial contacts to discuss a proposed project can be in any form, by telephone, fax, e-mail or letter. For such first contacts, the project promoter should provide sufficient information to allow verification of compliance of the investment with the eligibility criteria of the EIB and have a well-developed business plan.

How does the EIB go about appraising a project?

The Bank will review the promoter's own comprehensive feasibility studies, and make a preliminary assessment of certain aspects of the project including:

• Technical
• Environmental
• Economic
• Financial
• Legal

This is then followed up with a detailed appraisal by an EIB project team, consisting of an economist, an engineer and a loan or contact officer within the Bank.

The project team will make use of all existing available reports, analyses and documents, and include a visit to the project's operating company and the investment's location.

The EIB forms its own opinion on the basis of available data and documents.

If a project is deemed suitable for an EIB loan, what happens next?

Assuming a satisfactory outcome the EIB review, a loan proposal will be put forward for approval by the Bank's Management Committee to the Board of Directors, which meets ten times a year.

Once approved by the Board, the loan facility can be drawn down in one or a number of installments according to the borrower's requirements, usually starting within 12 months of the approval date (Project cycle).

Who should be the first point of contact when applying for a loan from the EIB?

For further information on loan application, potential borrowers are invited to contact the EIB's Infodesk for general information on the loan application procedure info@eib.org.

Alternatively, a list of senior officials in the EIB Lending Operations Directorate can be found on the website.

Promoters are asked to consult the directorate for Lending Operations in Europe or the directorate for Lending Operations outside Europe and contact the appropriate teams via the EIB switchboard +352 4379-1.

What types of project does the EIB finance?

The EIB finances a broad range of projects in energy, infrastructure and industrial sectors. To be eligible, such projects have to contribute to EU economic policy objectives.

Typically, the EIB supports:

• Investment by thousands of small and medium sized enterprises each year which is important for job creation
• Construction and upgrading of transport infrastructure (rail, air, road connections and bridges)
• Energy production, transfer and distribution (power gas heat etc) as well as schemes for more efficient energy use and alternative energy supplies (wind power, etc)
• Telecommunications infrastructure
• Natural and urban environment schemes (water, waste, cleaner air, urban transport etc.)
• Investment in human capital (schools, Universities, laboratories, research centres, hospitals etc)
• Industrial projects in manufacturing (motor vehicles, pharmaceuticals, aviation equipment, chemical etc)

Does the EIB provide venture capital?

Requests for venture capital should be made to the European Investment Fund, which is one of the leading sources of venture capital within the Union. Please note that the EIB does not provide financing for the establishment of new businesses.

Does the EIB provide grants?

The EIB does not normally provide grants or subsidies. Individuals and organisations interested in gaining access to European funds in the form of grants should contact the European Commission directly.

More information can be found online as part of the Bank's Sponsorship and Subsidy Policy.

Can EIB loans be combined with loans from other banks?

In accordance with Articles 16 and 18 of the EIB statute, the EIB works with other banks, either co-financing projects or in security structures.

To allow promoters to make use other sources of finance wherever possible, the EIB's intervention in any project is limited to 50% of the cost of the qualified investment cost of a project as it is established during appraisal.

Can EIB loans be combined with EU grants?

The EIB will finance up to 50% of the total project cost but financing may be combined with EU grants depending on the scope and definition of the individual project.

For all information on EU grants please consult the web pages of the European Commission.

What are the conditions of EIB lending?

The EIB provides long-term loans, running from approximately 4 to 20 years (possibly more), depending on the economic life of the assets to be financed.

As well as fixed interest rates, the Bank can offer revisable fixed and convertible rates, allowing for the change of interest rate formula during the life of the loan at predetermined dates or periods. EIB variable rate loans are usually available at a spread below LIBOR, fixed for the full maturity of the loan at the time of each draw down.

In addition to its usually advantageous lending rates, the EIB normally charges neither commitment fees nor non-utilisation fees, but fees for a project's appraisal and required legal services may be applicable in certain cases.

The EIB seeks adequate security for its lending, such as that provided by a bank or banking syndicate, a financial institution, or a large diversified parent company with a good credit rating. In certain circumstances, the Bank may also include a risk margin in the financing arrangements.

The EIB seeks assurances that no other creditor is in a more favourable position than itself, taking into account the tenor and expected amount of the commitment.

The EIB monitors the project's progress, and may carry out onsite inspection. It may also prepare an end of project evaluation report.

How long does the loan procedure take approximately from application to disbursement?

An EIB appraisal procedure can take any period of time between 6 weeks to 18 months depending on the project scope, the degree of complication of an operation, and the efficiency of the appraisal process on the part of both the EIB and the project promoter.

What are the EIB disbursement procedures?

An EIB loan facility, once approved by the Board of Directors, can be drawn down in a number of installments, according to the borrower's requirements. Typically, an EIB facility is available for use over a two to three year period. Disbursements would be usually at short notice, 10 to 15 days following each disbursement request.

The maturity, repayment terms and amortisation profile of each draw down installment can be chosen by the borrower at the time of disbursement, facilitating active treasury management. Decisions on timing and choice of currencies, maturities and interest rate formulae are kept open and decided upon at the time of each disbursement request. As such, an EIB facility resembles an MTN programme without set-up costs.

How does the EIB manage the tendering procedure for its loan projects?

The Bank's policy is to ensure that its funds are used rationally, in the interests of the project it finances and in the interests of the EU. The Bank verifies that a fair process of international tendering takes place according to procedures set out in the EIB Guide to Procurement which can be accessed online.

Calls for tender for EIB projects are published in the Official Journal of the European Union. This is mandatory for all non-EU projects. For further information please contact the project promoter directly.

How does the EIB manage procurement of services, supplies and works for its own account?

As the European Union's financing institution, the Bank, in its dealings with external providers, is committed to respecting the fundamental EU principles regarding public procurement, such as the principles of equal treatment, non-discrimination and transparency. The Bank considers that, as a general rule, these principles can be best implemented by competition among qualified tenderers and by a selection based both on cost and quality considerations.

All information is published in the Official Journal of the European Union and announced on the EIB website in the form of a new item. For more information please see the Guide for procurement of services, supplies and works by the EIB for its own account.

What is the policy of the EIB concerning international competition?

For most EU and non-EU projects financed by the Bank’s own resources (funds raised mainly through the Bank’s borrowings on capital markets), firms originating from all countries of the world are eligible to tender for works, goods and services contracts. 

What are the Corporate Governance rules at the EIB?

The EIB and its staff are covered by a Code of Conduct, setting out the rules and standards for professional behaviour.

Members of Bank staff are expected to:

• Commit themselves to the Bank's objectives
• Act loyally, honestly and impartially
• Subscribe to a high standard of personal and professional ethics.

Within the Bank, a dedicated Compliance Office has been set up to identify, assess, advise on, monitor and report on the compliance risk of the EIB Group.

The team monitors compliance by EIB Group staff of the rules on ethics and integrity and recommends the adoption of protective or redressing measures where appropriate.

What are the EIB rules about confidentiality of information?

The EIB considers itself accountable to all stakeholders. It maintains and develops an active transparency policy regarding its activities and policies in line with relevant EU regulations and policies.

The EIB actively communicates with the European Parliament, the Economic and Social Committee and with Civil Society. It publishes its Corporate Operational Plan on its website, as well as a wide range of information on its policies and procedures, including listing basic information about its project list and loans activity.

Nonetheless, the EIB operates as a bank and is subject to conventional bank-client relationships. This includes the need to protect the business and commercial interest of its clients, which may require keeping project information confidential.

Does the EIB have an anti fraud policy?

The Bank has adopted an active policy against fraud and money laundering in the context of its financing operations. See the EIB Guidelines on Fighting Corruption and Fraud. Under the tendering rules the Bank applies, it requires declarations of integrity and identification of source of funds from promoters and tenderers (Guide to Procurement, sections 1.5, 3.5 and Annex 3).

Does EIB grant access to its library for academic research?

The Bank grants access, on request and by appointment, to certain library facilities in Luxembourg, including a bibliographic selection of published documents and works about the EIB.

In return, the Bank welcomes receiving a copy of the academic research, once completed. The library does not contain EIB documents on individual projects financed.

Please note that the EIB is unfortunately unable to validate academic research, nor can the Bank fill in questionnaires or provide individual advice to students for university theses.

What is the EIB policy for providing information for business directories?

The EIB does not seek to participate in business directories. As such, it is the policy of the Bank not to update details on an individual basis for such publications.

All information regarding the activity, aims and structure of the Bank is updated regularly on this website. Organisations wishing to include details of the EIB in their publications are asked to gather information directly and free-of-charge from the Bank's website.

Organisations who wish to include a textual summary of the EIB in their publications are asked to submit a proposed text to the Bank for validation (via the Infodesk - info@eib.org) at least 10 working days prior to the deadline. Should the text be in an EU official language other than English, German or French, please allow at least 20 working days.

Can EIB documents be found at the Historical Archives of the European Union (HAEU)?

Yes. The European Union has an archive facility in Florence, Italy - the Historical Archives of the European Union (HAEU).

The HAEU is the repository for the Historical Archives from the European Institutions - including the EIB - together with the archives of important personalities, movements or international organisations which have played an important role in the construction of Europe.

There is a reading room at the HAEU, which can be used to gain access to certain EU archived documents. Further details can be found on the website of the Historical Archives of the European Union.

What is the EIB's borrowing philosophy?

In view of the EIB’s considerable funding requirement, the Bank aims, on a permanent basis, to accommodate the wishes of institutional and retail investors as to currency, maturity, structure, etc. when it offers new securities. Therefore, the EIB focuses on the issuance of large, liquid benchmarks in the main currencies (EUR, GBP and USD) as well as the offering of structured and tailor-made securities in a wide range of currencies. As in the past, the Bank continues to seek an active role in furthering the development of emerging markets, presently in particular those of the new Member States and the Accession Countries.

How much does the EIB borrow?

In 2006 (*), the EIB borrowed EUR 48 billion through 303 transactions, raising funds in 24 different currencies, of which 36% was in EUR, 30% in USD, 17% in GBP and the remaining 17% in other currencies (CZK, DKK, HUF, PLN, SEK, AUD, BGN, CHF, HKD, ISK, JPY, NOK, NZD, TRY and ZAR). Six further currencies, BRL, BWP, EGP, IDR, NAD and RUB, were in synthetic format. In October 2007, the EIB announced an increase in the funding ceiling under its 2007 borrowing programme from EUR 50 billion to EUR 55 billion.

On 31 December 2006, the EIB's outstanding debt amounted to EUR 239 billion.

(*)  The 2006 programme was completed as of 5 December 2006. Funds raised between this date and year end are attributed to the 2007 programme.

What is the EIB's financial profile?

The EIB is owned and supported by a group of sovereign states. Since 1 January 2007, the shareholders are the 27 Member States of the European Union. With the entry of the 2 new Member States, subscribed capital has increased to EUR 164.8 billion from EUR 163.7 billion. EUR 8.2 billion of the subscribed capital will be paid in over 8 instalments, the rest being available for call should the Bank ever need it to meet its obligations on its borrowings.

The statutory lending ceiling is set at 250% of subscribed capital. In 2005, 93% of signed loans were granted within the enlarged EU with a large part benefiting from guarantees from member states or public institutions.

Liquidity is monitored with a view to matching disbursement needs. The consistently earned profits are generally transferred to the reserves and policies and controls are in place to manage risk.

The EIB has been given a AAA rating by major credit rating agencies ever since it was first rated in 1975.

What type of securities does the EIB issue?

EIB bonds span a wide range from large benchmark/reference issues to smaller, often structured issues targeted for retail or specific institutional demand.

With the aim of creating large reference issues with a high degree of liquidity, the EIB has built up in recent years series of benchmark issues all along the yield curves in the main currencies EUR, GBP and USD. Secondary market liquidity is provided by the major investment banks in each market.

These bonds are mainly bought at launch by institutional investors, while the smaller size, plain vanilla issues, which the Bank offers in a wide range of currencies, are often taken up by retail investors.

The specific needs of both retail and institutional investors are catered for through different kinds of structured, tailor-made issues, which include elements like calls, caps and the linking of coupons and redemption amounts to the movements in share indices and currencies.

What are EIB benchmark bonds and structured issues?

Benchmark bonds are large volume issues with standard features such as fixed interest rate coupons and redemption at final maturity (so-called plain vanilla transactions). The Bank has in recent years gradually built up large size issues all across the yield curves in EUR, GBP and USD. Due to their size, secondary market trading in these bond issues is considerable as indicated by the tight bid/offered spreads. Active trading is secured through the obligation of the placing banks to continue to make markets in these bonds. Particular information and price quote pages are attributed to these bonds on the Reuters information system under the names EIBEARN01, EIBGBP01 and EIBUSD01, and under EIB<go> on Bloomberg.

Structured issues are characterised by unforeseeable coupon and/or redemption amounts (however issues linked to standard interest rate indices like EURIBOR are not considered structured issues). This uncertainty as to the return may result from the linking of the coupon payments and/or the redemption amounts to interest rate and share indices, currencies as well as the inclusion of options such as calls and puts and of cap and floor features. These issues are mainly arranged to meet particular investment needs by retail and institutional investors.

In which currencies, size and maturities are the EIB securities offered?

In 2006 the EIB launched bond issues in 24 different currencies (six of which were in synthetic format). Reflecting the Bank's strategy to offer large, liquid reference issues to investors, the main currencies, USD, EUR and GBP, accounted for 83% of the new issues launched that year.

The size of bond issues mainly vary from EUR 10 million to EUR 5 000 million equivalent , smaller amounts in general being related to retail and tailor made issues for institutional investors while the large amounts are attached to reference issues in EUR, GBP and USD. Additional tranches of an issue are often launched in order to increase the total outstanding of the issue, thus increasing the liquidity; presently the largest issue by the Bank exceeds EUR 6 billion.

Bond maturities range from one year and up. The average maturity on new bond issues in 2006 was 8.6 years.

Commercial paper and other short-term instruments are offered with maturities from one to 364 days.

Where are the EIB securities listed, cleared and settled?

The EIB securities are generally listed on one or more stock exchanges. The EIB Eurobonds are mainly listed on the Luxembourg and/or the London Stock Exchanges. Securities launched on the basis of documentation particular to a country will generally be listed in that country. While the vast majority of issues are listed, private placements might - accommodating the wishes of investors - not be listed on an exchange.

Clearing of the EIB bonds takes place through one or more clearing systems (as specified in the documentation of the particular bond issue) such as Euroclear, Clearstream, CREST and the Depository Trust Company (DTC).

Fiscal and paying agents are major specialised banks.

Where do I find price quotations and find out about new and outstanding issues?

Price quotes on the most liquid and recent issues are shown by professional bond market participants on electronic trading platforms and on the Reuters and Bloomberg information systems. Particular pages are attributed to the largest EUR, GBP and USD issues on the Reuters system (“EIBEARN01”, “EIBGBP01” and “EIBUSD01”), and in Bloomberg (EIB<GO>). Should you not have access to these information systems, please contact your usual intermediary, who will provide you with current prices.

Newspapers also publish price quotes on selected EIB issues from stock exchanges as well as from participants in the market.

New issues are announced on the Reuters and Bloomberg systems and by the financial institutions underwriting these issues. The financial press also often reports the launch and provides details of new issues by the Bank.

What is the tax status of bonds issued by EIB?

This will depend on the laws and regulations of the country where the bondholder is resident for tax purposes. In some countries, EIB bonds may be treated as government bonds; in others they may be treated in the same way as bonds issued by private companies. In some countries, the tax status may vary depending on the currency of issue. For further information, bondholders should consult their own tax authority or an appropriate professional adviser.

Which nationalities can apply for an EIB job?

Only applications from nationals of the Member States of the European Union are considered. Citizens from Accession States (countries with which EU accession negotiations are already in progress - currently, Turkey and Croatia) may also be considered for fixed term contracts.

I am not a national of a Member Country of the European Union, but have a work permit for the EU. Can I still apply for a vacancy at the EIB?

No, the possession of a work permit in the EU is not sufficient by itself to be eligible for an EIB post.

Is there a quota system limiting the numbers of staff of the different nationalities of the Member States?

There is not a quota system on the nationalities of staff. Nonetheless, the Bank’s Statutes (art. 13.7) require staff selection processes to consider, not only personal ability and qualifications, but also the attainment of an equitable representation of the nationals of the Bank’s Member States. This may mean that in cases where competence levels of candidates are comparable, preference may be given to candidates of under-represented nationalities.

Are competitions organised?

The EIB does not recruit through competitions. Vacancies are published on its website and, in general, in the national and specialised press of the Member States of the European Union. Candidates are selected following examination of applications received in response to advertisements.

What types of position are offered?

• Auxiliary or temporary staff contracts? NO
• Temping agency staff contracts? NO
• Scholarships? NO
• Training courses? The Bank does not organise training courses as such, but occasionally accepts a trainee following an ad hoc request. Please read information on trainee at the EIB. If you are interested, please send your CV for evaluation.
• Student contracts during the summer period/throughout the year? YES. Applicants are selected by drawing lots. Candidates are invited to send their applications several months prior to the period when they would like to work.
• Freelance contracts? YES, for the Translation Service (particularly English, French and German), through calls for tender. All calls for tender are published in the supplement to the Official Journal of the EC and on our website.

What is the time limit for submitting an application?

The EIB's website is the sole point of reference. Applications are accepted for as long as the vacancy is advertised on the site. Certain specialised sites may also publish advertisements, although the EIB is not responsible for any delays in updating.
If necessary, additional information (deadline, post not immediately vacant, establishment of a reserve list of candidates, etc.) is included in the advertisement.

How do I apply for a job at the EIB?

By responding to an advertisement on our website and by using the form provided for (see individual advertisements).

An acknowledgement of application will be emailed to you once your details have been integrated into the Bank's database. You will receive a reply as soon as your application has been examined.

Please note that because of the relatively high number of applications for each post, the recruitment procedure may prove to be somewhat lengthy.

Does the EIB have a consultants’ register?

The Bank does not keep a register of approved consultants for working on EIB-financed projects, but allows project promoters to select their own consultants.

Calls for tender for projects financed by the EIB are published in the supplement to the EC Official Journal.

Does the EIB make use of recruitment agencies?

The EIB uses recruitment agencies or headhunters only on an exceptional basis. Such companies should forward their documentation and conditions to the following address before making formal contact with the Bank:

European Investment Bank
Staffing Division
100, bd Konrad Adenauer
L-2950 Luxembourg