Mr László Baranyay is new EIB Vice-President

Mr László Baranyay took office as Vice-President and Member of the Management Committee of the European Investment Bank (EIB) on 1 September 2013. He has succeeded Mr Anton Rop, who has completed a three-year term as EIB Vice-President.

Mr Baranyay, a citizen of the Hungarian Republic, was appointed by the EIB’s Board of Governors on the basis of a proposal from Hungary’s Minister of National Economy, with the agreement of the shareholder constituency composed of Bulgaria, Croatia, Cyprus, the Czech Republic, Hungary, Malta, Poland, Slovakia and Slovenia.

Regarding his new duties at the EIB Mr Baranyay stated: “I very much appreciate being given the opportunity to join the EIB, the bank of the European Union, focused as it is on the implementation of EU policy objectives, particularly those of increasingly fostering growth and job creation and strengthening competitiveness, which represent the major challenges the EU Member States are facing due to the current economic difficulties”.

Prior to becoming a member of the EIB’s Management Committee, Mr Baranyay was CEO and Chairman of the Board of Directors of MFB Hungarian Development Bank and a member of the Supervisory Board of the Hungarian National Bank. Mr Baranyay holds a degree in Economic Studies from Budapest University.