EIB kondigt financieringsprogramma 2012 aan (en)
Expects to raise EUR 60bn in 2012 - approved by Board
EIB has made new projections for its funding activities, as part of the annual revision of its Corporate Operational Plan (COP).
The Bank plans to borrow EUR 60bn in 2012. This programme was approved by the Board of Directors on 13 December 2011, as part of the new COP for 2012-2014. The volume planned for 2012 compares with an amount of EUR 75bn raised under the 2011 programme.
The reduced borrowing foreseen for 2012 reflects the trend towards reduced lending, as well as reduced bond redemptions. Reduced lending is in line with plans agreed with shareholders and announced in 2008 to gradually revert to pre-crisis levels, after a peak in activity during 2009-10.
At the same time, the Bank will remain vigilant to deliver for the real economy, by prioritizing projects that support job creation and economic growth.
Contacts
Investor Relations: investor.relations@eib.org, +352 4379 86212
Background information on EIB
The European Investment Bank, based in Luxembourg, was set up in 1958 under the Treaty of Rome. Owned by the European Union Member States, the EIB is the EU’s long-term lending institution, financing projects that promote European economic development and integration. Besides supporting projects in the Member States, its main lending priorities include financing investments in future Member States of the EU and EU Partner countries. The EIB operates on a non-profit maximising basis. The Bank’s financial standing is underpinned by exceptional asset quality, a strong capital base, firm shareholder support, conservative risk management and a sound funding strategy.