Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives.
The EIB furthers the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group offers four main services to its clients: loans, technical assistance, guarantees and venture capital.
EIB lending is governed by a series of mandates from the EU in support of EU development and cooperation policies in partner countries.
The EIB is taking part in one of the world’s most ambitious urban transport schemes, known to the people of Istanbul as the Marmaray project: the development of a modern, high-capacity commuter rail system providing an effective transport solution for the citizens of Istanbul via a tunnel under the Bosphorus, and connecting the Asian and European sides of Istanbul. Once it is operational, the new transport link is likely to attract more than 1.5 million passengers per day. The Marmaray project is also expected to result in a reduction of 144,000 tonnes of air pollution and greenhouse gases annually.
The EIB organises regular public consultations on key policies governing its operations. On February 2nd 2010, it did adopt a revised transparency policy and an updated complaints mechanism, unique among international financing institutions.
The EIB signed in Nicosia a EUR 50 million agreement with the Co-operative Central Bank Ltd. for financing small and medium-sized enterprises in Cyprus. In 2009, the EIB provided in Cyprus a total of EUR 202 million, mainly for small and medium-sized enterprises, as well as energy. The EIB activity in Cyprus was indeed marked by the funding of Orites, the largest and most advanced wind farm in Cyprus.
The Bank's growing role in renewable energy lending has gained recognition. Over the last year, the EIB has been awarded a number of prizes from several specialised publications. In particular, it scooped the title ‘Renewable Lender of the Year', awarded by Euromoney and Ernst & Young. The Bank was also voted ‘Best Finance House' for renewables in Europe by Environmental Finance Review and named the ‘Multilateral of the Year' by Project Finance International.
The EIB will grant EUR 325 million to K.U.Leuven and UZ Leuven for the construction and completion of the “Health Sciences Campus Gasthuisberg”, a first-class medical and university center providing acute care, education and research in a single location, “Gasthuisberg” in Leuven. The EIB decided to support the project, considering it as a major initiative in line with the European policies for health, education and innovation.
The EIB will launch this year a new consultation process on the occasion of the revision of its Transport Lending Policy. This consultation is of particular importance as it will be the first sector policy the Bank will consult upon publicly. In any event, the Bank will adopt a flexible approach in terms of timetable and procedures to allow a meaningful consultation.
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