European Investment Bank
The European Investment Bank (EIB) was established in 1958 under the Treaty of Rome as the investment bank of the European Union. Today, together with the European Investment Fund, it forms the European Investment Bank Group (EIB Group). The Bank has its headquarters in Luxembourg. The EIB's shareholders are the 27 EU Member States.
The Board of Governors:
The Board of Governors is made up of ministers appointed by each of the 27 Member States, usually finance ministers. It lays down credit policy guidelines, approves the annual accounts and balance sheet and decides on the Bank’s participation in financing operations outside the European Union and on capital increases. The Governor for Poland is the Minister of Finance.
The Board of Directors:
The Board of Directors consists of 28 Directors, with one Director appointed by each Member State and one by the European Commission. There are also Alternates. The Board of Directors has the sole power to take decisions on loans, guarantees and borrowings. It ensures that the Bank is managed in accordance with the provisions of the Treaty and the Statute and with the general directives laid down by the Governors.
The Management Committee:
The Management Committee is the Bank’s permanent collegiate executive body. It has nine members and is chaired by the President. It is supervised by the Board of Directors. Nadia Calviño (Spain) has been the President of the Bank since January 1, 2024.
The Member States, with the exception of the largest (Germany, France, Italy) are grouped together into constituencies. Poland is in the same Constituency as Hungary and Croatia.
The Bank's objective:
The Bank's objective is to promote the integration, sustainable development and social and economic cohesion of the EU Member States. The Bank’s activities are focused on:
- Member States and EU economic regions (90% of total activity),
- Enlargement countries,
- Countries in Africa, Asia and the Pacific, Latin America, Latin America and the Caribbean (ACP), the Mediterranean, the Balkans, Russia and the countries of Eastern Europe.
Priority areas of assistance include:
- Activities aimed at equalising the economic levels of the EU regions
- The development of the transport and telecommunications sector (including Trans-European Networks)
- The development of the energy sector in terms of efficiency and diversification as well as ensuring the safety of its sources
- Activities related to the protection of the environment
- Support for the development of small and medium-sized enterprises
- Support for economic development based on knowledge and digitalisation
The Bank's main instruments of support:
- Loans in various currencies (including local currencies) on favourable terms (the EIB has the an "AAA" rating) to governments, local authorities, companies and banks:
- Investment (for a specific investment project or a group of projects),
- In the form of a credit line, with funds are made available through the intermediary commercial banks.
- Guarantees to facilitate financing in all sectors of the economy
- Bonds issued on the markets of the Member States, including in local currencies, to support credit operations on these markets
- Technical Assistance.
The Bank’s activity in Poland:
Since the beginning of its activity in Poland, i.e. since 1990, the EIB has been actively supporting growth of the Polish economy. During the period 2014-22, the average total volume of financing reached EUR 5 billion per year. Such a significant increase in the Bank's activity in Poland is mainly due to large number of projects implemented with the support of EU Structural Funds (i.e. EIB financing of the beneficiary’s own contribution).
Business opportunities:
Career opportunities, contact and website:
The EIB Warsaw Office:
Andrzej Rabsztyn, Head of Warsaw's Office
Adres: Plac Piłsudskiego 1, 00-078 Warszawa tel. 22 310 05 00, e-mail: warsaw@eib.org
- Last updated on:
- 03.01.2024 08:42 Sylwia Rokicka-Kordasiewicz
- First published on:
- 20.02.2019 15:33 Sylwia Rokicka-Kordasiewicz