On 17 May 2016, Volkswagen (VW) has pre-paid two EIB loans with a total volume of EUR 975 million. VW exercised its contractual right to pre-pay both loans ahead of schedule in compliance with the terms of the loans. The pre-payment of the loans does not modify or affect the EIB's approach to its relationship with VW.
EIB Group opens country office in Belgium to support strategic investments in Belgian economy
The European Investment Bank (EIB) Group has opened a country office in Belgium, dedicated to sustaining strategic financing and sustainable growth in the country as a boost to the potential of the vibrant, dynamic and highly innovative Belgian business environment. The new office will be hosted in the Group’s Permanent EU Representation in Brussels and led by Torsten Brand, a dual Belgian-German national who has worked at the EIB for the past decade. The step by the Luxembourg-based EIB Group, which also includes the European Investment Fund (EIF), underscores its commitment to supporting the Belgian economy and deepening engagement with local businesses and the public sector.