Vice-President Östros’s areas of oversight include financing of energy, health and life sciences, EIB Global (development policy together with Vice-President Fayolle; pre-accession policy is with Vice-President Pavlova), financing operations in Austria, Estonia, Finland, Latvia, Lithuania, Sweden, Russia*, the ACP countries (Africa and the Pacific, except the Caribbean States and the Community of Latin American and Caribbean States (CELAC), jointly with Vice-President Fayolle), relations with the EIB Group Audit Committee, corporate responsibility, diversity and inclusion, Legal – lending operations. Vice-President Östros also oversees relations with the European Anti-Fraud Office (OLAF) and the European Ombudsman, relations with the Gulf countries, relations with central banks' debt management offices, and relations with the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the Nordic Investment Bank (NIB).
Austria: EIB and UniCredit Bank Austria enable companies to invest in renewable energy and energy efficiency
The European Investment Bank (EIB) and UniCredit Bank Austria will support investments in small and medium-sized renewable energy and energy efficiency projects in Austria. The EIB will make a framework loan of up to €92 million available to the Austrian bank, which will then create a credit portfolio of up to €200 million for financing clean energy projects.