Death of Yves Le Portz, third President of the EIB
11 December 2013
Yves Le Portz, third President of the European Investment Bank (from 1970 until 1984), passed away in Paris at the age of 93.
Born in 1920, a high civil servant after World War II, Yves le Portz occupied various positions under the French ministers of finance who succeeded each other in the many reshuffles characteristic of France’s Fourth Republic (1946-1958).
Delegated to the UN economic and social council he became Director General for Finance in Algeria from 1958 until 1962 and was then nominated Vice-president of the EIB from 1962 to 1970.
He developed the Bank’s activities in support of the common market which was undergoing profound changes and also outside the territory of the Community’s Member States to which he was particularly attentive.
After leaving the EIB he became President of the Commission des opérations de bourse (1984-1988), France’s financial markets regulator.
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.
By letter dated 11 June 2020, Mr Audrius LINARTAS (Executive Director at the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance, Lithuania) was nominated by the Republic of Lithuania, by common accord with the constituency of the Republic of Estonia, the Republic of Latvia, the Republic of Austria, the Republic of Finland and the Kingdom of Sweden for appointment as a member of the Audit Committee of the European Investment Bank.