European Investment Bank (EIB)

Source: Europa Nu.

The European Investment Bank (EIB) is jointly owned by the EU countries. It seeks to:

  • boost Europe's potential in terms of jobs & growth
  • support action to mitigate climate change
  • promote EU policies outside the EU.

What the EIB does?

The Bank borrows money on capital markets and lends it on favourable terms to projects that support EU objectives. About 90 % of loans are made within the EU. None of the money comes from the EU budget.

The EIB provides 3 main types of products and services:

  • Lending – about 90 % of its total financial commitment. The Bank lends to clients of all sizes to support growth and jobs, and this support often helps to attract other investors.
  • 'Blending' - allowing clients to combine EIB financing with additional investment.
  • Advising and technical assistance - maximising value for money.

The EIB makes loans above EUR 25 million directly. Where smaller loans are involved, it opens credit lines for financial institutions that then lend funds to creditors.


All EU countries are shareholders in the EIB. Decisions are taken by the following bodies:

  • the Board of Governors, comprising ministers (mostly finance ministers) from all EU countries. It defines general lending policy.
  • the Board of Directors, chaired by the EIB President, which comprises 28 members appointed by the EU countries and one appointed by the European Commission. It approves lending and borrowing operations.
  • the Management Committee, the Bank's executive body, which handles day-to-day business.

The Audit Committee checks that EIB operations are conducted in a proper manner.

The Bank's departments implement management decisions.

How does the EIB work?

It makes borrowing and lending decisions, based on the merits of each project and the opportunities offered by financial markets. Within the EU, it has specific lending priorities.Outside the EU, it supports the EU development and cooperation policies worldwide.

As an independent body, the Bank takes its own borrowing and lending decisions. It cooperates with other EU institutions, especially the European Commission, the European Parliament, and the Council of the EU.

The EIB and you

If run a business or work in the public sector and you have a project that could contribute to achieving EU policy objectives, you could be eligible for an EIB loan. To apply, contact the EIB by e-mail, web form or through its offices, providing sufficient information to enable the Bank to judge whether the project meets its lending objectives and has a well-developed business plan.