Summary: European Investment Bank Sep 03
- ID: 2029392
- September 2003
- Region: Europe
- Standard & Poors
The ratings on the European Investment Bank (EIB) reflect: Robust membership support; Prudent statutory and policy controls; and Strong asset quality. EIB was founded in 1958 by the Treaty of Rome to help finance the balanced development of European Union (EU) member states by providing loans and guarantees for capital investment projects, principally in infrastructure, energy, and industry. The bank continues to enjoy unerring support from member governments; the recent increase in subscribed capital, to €150 billion from €100 billion (of which €1.5 billion was paid in from reserves) is indicative of the continued strength and depth of member commitment. Lending to the accession countriesan estimated €17 billion between 2000 and 2005further underpins the bank's development financing role within EU....
Companies mentioned in this report are:
- European Investment Bank
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