Summary: European Investment Bank Nov 06
- ID: 2029668
- November 2006
- Region: Europe
- Standard & Poors
The European Investment Bank (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, industry, energy, and the environment. The bank continues to receive unerring support from member governments; the 2003 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. Upon joining the EU on May 1, 2004, the 10 new EU member countries also subscribed to EIB's capital. They account for 4.6% of EIB's capital, and the bank's subscribed capital therefore increased to €163.7...
Companies mentioned in this report are:
- European Investment Bank
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