European Investment Bank

Investment bank of the European Union

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2024 EU prosecutors launched a corruption probe into former EIB senior executives Werner Hoyer and Henry von Blumenthal, accusing them of corruption, abuse of influence, and misappropriation of EU funds.
March 18 2024 More than half of the Member States signed a letter requesting the EIB to reconsider its policy against defence expenditure, as the Russian invasion of Ukraine continued.
January 2024 Nadia Calviño becomes President of the European Investment Bank, succeeding Werner Hoyer.
2023 EIB energy loans reached €21.3 billion, supporting energy efficiency, renewable energy, innovation, storage, and new energy network infrastructure, a significant increase from €11.6 billion in 2020.
2023 The EIB Group invested €36.2 billion in cohesion-related initiatives, demonstrating a significant increase in support for economic, social, and territorial development.
December 2023 The Economic and Financial Affairs Council approves Nadia Calviño's candidacy for the EIB presidency.
August 2023 Nadia Calviño is nominated by the Spanish government for the presidency of the European Investment Bank, with endorsement from German and Belgian governments.
July 2022 The European Parliament again expressed serious concerns about the lack of social dialogue at the EIB, specifically regarding harassment allegations and workplace environment issues.
2021 The EIB will stop financing all fossil fuel projects by the end of the year.
December 31 2021 EIB completed its commitment to cease funding fossil fuel projects, marking a significant milestone in its climate action strategy.
July 2021 The European Parliament raised serious concerns about allegations of harassment and the working environment at the European Investment Bank in its annual report.
2020 The Bank's Climate Solutions content series won the European Excellence Award in the Sustainability and Environment category.
2020 The podcast series 'Monster under the Bed' received the SABRE Award in the Best in Audio category.
2020 The European Fund for Strategic Investments was extended to a target of €500 billion.
2020 Partnered with the World Health Organization to finance healthcare projects in 10 African countries, providing €280 million in financing.
2020 Expanded partnership with the United Nations Development Programme and increased cooperation with the Association of European Development Finance Institutions to assist businesses in developing countries.
2020 The European Investment Bank Group offered loans to over 100 countries, financed COVID-19 vaccines, diagnostics, and treatments, and invested €1.7 billion to help Western Balkan countries recover from the pandemic.
2020 Poland and Romania increased their capital subscriptions, resulting in a total EIB subscribed capital of €248.8 billion.
2020 Following Brexit, the EIB's board of governors decided to proportionally increase capital subscriptions from remaining Member States to maintain the overall subscribed capital of €243.3 billion.
2020 The EIB became the global leader in Green Bond issuance, raising over €30.8 billion across 16 currencies to support renewable energy and energy efficiency projects.
December 2020 BioNTech's COVID-19 vaccine was approved for use by UK drug regulators.
November 2020 EU member states approved the EIB Group Climate Bank Roadmap 2021–2025, outlining contributions to the European Green Deal and sustainable development outside the EU.
June 2020 The European Investment Bank approved a €100 million loan to support BioNTech's COVID-19 vaccine trials and manufacturing.
May 26 2020 The EIB Board of Directors approved the Pan-European Guarantee Fund (EGF), a €25 billion fund endorsed by the European Council to support EU businesses during the COVID-19 pandemic.
2019 The EIB's podcast series 'A Dictionary of Finance' won The Digital Communication Awards prize for Best Channel.
2019 Werner Hoyer is named European Banker of the Year for his contributions to economic stability and development in Europe.
2019 The European Investment Bank (EIB) achieved an annual target of €16.13 billion in cohesion financing across EU, Pre-Accession, and EFTA countries.
2019 The EIB Group provided €25.52 billion in loans and other financial services to 386,600 small and medium-sized enterprises (SMEs) and mid-cap companies, supporting businesses that employ 4.4 million people.
2019 The EIB provided €15.74 billion in funding to support various infrastructure projects, including sustainable transport, energy efficiency, urban development, digital networks, social housing, public buildings, cultural heritage, and water and wastewater management.
2019 The EIB invested €14.4 billion specifically in skills development projects, targeting areas such as research and development, education, training, digital technology adoption, and supporting women's participation in the labor market.
2019 The European Investment Bank Group financed €19.3 billion in projects to fight climate change.
2019 The EIB committed to stop funding fossil fuel projects by the end of 2021, signaling a major shift towards climate-focused investment strategies.
December 2019 The European Investment Bank signed a €50 million loan to support BioNTech's work on cancer treatments.
November 2019 The European Investment Bank Group committed to align its activities with the goals and principles of the Paris Agreement by the end of 2020.
2018 Seven EU governments demanded improvements in the European Investment Bank's governance, structure, and cost controls, expressing concerns about the bank's slow implementation of audit committee recommendations for risk management and project selection.
2018 The European Investment Fund reported that 25 million SMEs in the EU constituted 99.8% of all non-financial enterprises, employed around 97.7 million people (66.6% of total employment), and generated 56.4% of total added value (EUR 4,357bn).
2016 The Bank launched the Economic Resilience Initiative to support regions outside Europe affected by the refugee crisis, focusing on investments in growth, jobs, infrastructure, and social cohesion.
2015 The European Investment Bank updated its Transparency Policy after conducting another public consultation.
2014 The European Fund for Strategic Investments was launched by the European Commission and the European Investment Bank, initially aiming to mobilise €315 billion as part of the Investment Plan for Europe.
January 2012 Dr. Werner Hoyer begins his presidency of the European Investment Bank, serving until January 2024.
2011 CEE Bankwatch Network reported that the European Investment Bank's lending policy failed to support the EU's carbon emissions reduction goals.
2010 The European Investment Bank updated its transparency policy following a public consultation.
2010 The European Investment Bank Group began financing projects outside the European Union, with total external financing reaching €69.6 billion by this point.

This contents of the box above is based on material from the Wikipedia article European Investment Bank, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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