Ms Eva SREJBER has been appointed Vice-President of the European Investment Bank (EIB) with effect from 1 July 2007. On the EIB's Management Committee, her responsibilities include financing operations in Finland, Sweden, Estonia Latvia, Lithuania, the eastern EU neighbouring countries including Russia and the EFTA countries (Iceland, Liechtenstein, Norway and Switzerland). Ms Srejber will also supervise the Bank's activities in support of a competitive and innovative European economy (i2i facility), as well as the ex-post evaluations of EIB activity. Before arriving at the EIB, Ms Srejber pursued a banking career in Sweden and with international financing institutions, most recently as First Vice Chairman of the Executive Board and First Deputy Governor of the Sveriges Riksbank.
She previously held the position of Deputy CEO and Member of the Management Committee at the FöreningsSparbanken (Swedbank) (1998) with responsibility, among other things, for EU/EMU issues.
Ms Srejber was also Alternate Executive Director, then Executive Director, for the Nordic-Baltic Constituency at the International Monetary Fund (IMF) (1994-1997).
In addition, she served as a Board member of the National Private Insurance Supervisory Authority, Statistics Sweden, and on the National Board for Spent Nuclear Fuel (1987-1991).
Since 1981, Ms Srejber has participated in various committees within the sphere of Nordic cooperation, the OECD, the BIS, the IMF, and the European Union, including the European Central Bank (ECB). She also assumed responsibilities in bilateral cooperation with transition and developing country central banks.
Ms Srejber holds a degree in economics (1975); she is Swedish and is fluent in English, French and German.
Background
The Management Committeeis the Bank's full-time executive body. Under the authority of the President, Mr Philippe Maystadt, it collectively oversees the day-to-day running of the EIB as well as preparing and ensuring the implementation of the Board of Directors' decisions, notably regarding borrowing and lending operations. The members of the Management Committee (composed of the EIB's President and eight Vice-Presidents) are responsible solely to the Bank. They are appointed by the Board of Governors - consisting of Ministers (generally Finance Ministers) from each EU Member State - for a renewable period of up to six years, on a proposal from the Board of Directors, from among candidates put forward by the Member State concerned. Sweden shares on a rotation basis a place on the Management Committee with a four-year term, with Austria, Estonia, Finland, Sweden, Latvia and Lithuania, which form a shareholder constituency. The EIB's Management Committee is based in Luxembourg.
Ms Srejber succeeds MrSauli Niinistöon the Management Committee. A Deputy Prime Minister of Finland from 1995 until 2001, Mr Niinistö, was a member of the Committee with the same responsibilities from September 2003 to 2007, before returning to his political career in Finland. He is presently Speaker of the Finnish Parliament.
The European Investment Bank Group, the banking group promoting European objectives, finances capital investment aimed at modernising the economies of the Member States and of the countries close to the Union.
In 2006, the European Investment Bank lent a total of EUR 45.8 bn for projects promoting the European Union’s policy objectives. Finance for the then EU-25 Member States represented 87% of its activities and amounted to EUR 39.8 bn. To fund its activities, the EIB raised an aggregate amount of EUR 48 bn on the international capital markets through 303 bond issues in 24 currencies. Owned by the Member States, the EIB (AAA issuer) is the largest Supranational issuer.
This was the first full year in which the new strategy decided by the EIB’s Governors in June 2005 was implemented: a qualitative strategy based on investment and financial innovation. This strategy consists of:
strengthening the leverage of the EIB’s operations;
concentrating its financing within the Union on six European priorities;
fostering economic convergence between the Union and its partner countries.
The European Investment Bank (EIB) and Sidekick Health — a global leader in integrated digital health and therapeutics — today announced the signing of a €35 million venture debt facility, backed by a dedicated life science venture debt window of the European Commission’s InvestEU programme. It provides Sidekick with dedicated capital to accelerate R&D activities, expand its digital therapeutics portfolio, enhance AI capabilities, and strengthen its data and platform infrastructure — delivering scalable, secure, and impactful solutions for patients, payers, and pharmaceutical partners worldwide. The agreement represents the EIB Group’s first venture debt transaction in Iceland, where Sidekick is headquartered.
The European Investment Bank (EIB) is providing a €400 million financing package to help the Finnish capital Helsinki build a tramline to three suburbs, construct a new tram and bus depot, purchase new trams, and add pathways for cyclists and pedestrians. The EIB support involves loans of €150 million to the City of Helsinki and €250 million to metropolitan transport company Metropolitan Area Transport Ltd (Pääkaupunkiseudun Kaupunkiliikenne Oy) for the “Crown Bridges Light Rail” project.
The European Investment Bank (EIB) is stepping up its support for the water sector in Tunisia with two new loans totalling €30 million – a €22 million finance contract signed with Société nationale d’exploitation et de distribution des eaux (Sonede) and an €8 million contract signed with the Republic of Tunisia. Both operations are backed by a guarantee from the European Commission and will help finalise a structural project for drinking water supply in Greater Tunis, the most densely populated region of the country which is faced with growing demand for water.
