European Investment Bank

The European Investment Bank (EIB) serves as the long-term lending institution of the European Union, wholly owned by its 27 Member States. Established in 1958, its core mission is to finance sound and sustainable investment projects that contribute to the achievement of EU policy objectives. The EIB operates on a non-profit basis, borrowing funds on capital markets and lending them on favorable terms to support projects across various sectors, including infrastructure, innovation, climate action, and small and medium-sized enterprises (SMEs).

The EIB's financing mechanisms primarily involve direct loans for large-scale projects and intermediated loans for smaller initiatives, often channeled through partner banks and financial institutions. While direct loans typically target projects with a minimum investment cost, the EIB plays a crucial role in fostering economic growth, employment, and regional cohesion throughout the EU and in partner countries worldwide. Its strategic focus areas reflect the EU's priorities, with a significant emphasis on green transition and digital transformation.

In 2023, the EIB Group signed new financing of approximately €88 billion (around $95 billion), demonstrating its substantial financial capacity and commitment to investment. A considerable portion of this funding, specifically €21 billion (around $22.7 billion), was dedicated to supporting SMEs and mid-caps, highlighting the bank's role in bolstering the backbone of the European economy. The EIB's operations extend beyond lending, encompassing advisory services and technical assistance to ensure the effective implementation of projects and maximize their developmental impact.