The Kingdom of Spain nominated Mr Carlos San Basilio Pardo (Director General, Treasury, Ministry of Economy and Competitiveness) for appointment as a Full Member of the Board of Directors of the EIB to succeed Mr José-María Fernández Rodríguez, who had tendered his resignation.

By letter dated 9 January 2017, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Carlos San Basilio Pardo was taken on 25 january 2017, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Carlos San Basilio Pardo will expire in 2018 at the end of the day either of the Annual Meeting or of the approval of the financial statements for the previous financial year, whichever is the later.