At the European Investment Bank’s (EIB) annual meeting, President Werner Hoyer underlined the Bank’s important role in supporting sustainable growth, innovation and jobs in Europe and beyond. In 2011 the EIB provided its highest-ever financial contribution to the real economy with 60 billion Euro disbursed to its clients. At the end of last year, the Bank’s outstanding loans amounted to around 395 billion Euro, more than the loan portfolio of all other multilateral financial institutions combined.
Around 13 billion Euro went to small and medium sized enterprises while some 18 billion Euro were invested in projects aimed at reducing carbon emissions and supporting the EU’s global role in fighting climate change.
With around 10 billion Euro the EIB supported the so-called “knowledge triangle” of research, innovation and education. “These areas are absolutely essential for creating a modern economy and key elements of any growth strategy”, said EIB-President Werner Hoyer.
In 2011, the EIB – the world’s largest supranational bond issuer - raised 76 billion Euro, almost half of it (46%) with non-European investors, which shows the continued trust and confidence in the EIB and in Europe. Regarding the overall slowdown of investment activity in Europe, Hoyer said “This has once again highlighted the importance of public lenders such as the EIB.”
The EIB will continue to concentrate its action on projects and sectors that make a significant contribution to Europe’s competitiveness. “Lending to SMEs is clearly a priority for us”, Hoyer said.
The EIB is the Bank of its 27 shareholders, the EU Member States, and considers it important to operate in all markets to finance sound and viable projects contributing to the future of Europe.
EU Bank President Werner Hoyer has laid out the EIB Group’s contribution to creating jobs and growth in Europe by supporting projects and investment in SMEs, key infrastructure, innovation and the environment.
Record number of 901 projects approved in 2017, up 15% on 2016. More than 78 billion euros for infrastructure, innovation, the environment and small and medium-sized enterprises. President Hoyer proposes reorganisation to increase efficiency in development finance
The EIB gives an exceptional response for exceptional times in the on-going financial and economic crisis of the European Union. The EIB Group will significantly step up its lending activities for the 2013 to 2015 period to support the recovery of growth in Europe. The EU Bank will lend an additional EUR 60 billion over the next three years to promote sustainable growth and jobs, bringing annual lending volumes to EUR 65-70 billion. This follows the Member States’ 2012 decision to increase the EIB’s paid-in capital by EUR 10 billion.