The EIB is the lending arm of the European Union owned by its 28 Member States and is the world’s biggest multilateral lender. Founded in Brussels in 1958 as the Treaty of Rome comes into force, the European Investment Bank moved to Luxembourg in 1968.
Since opening its doors it has invested in thousands of companies and projects, from start-ups to substantial programmes like a EUR300 million loan agreement to finance education facilities in the Grand Duchy or the construction and launch of two SES ASTRA high capacity satellites covering continental Europe.
From ECU 10bn in 1988, the EIB’s annual lending neared EUR 45bn in the mid-2000s before jumping to EUR 79bn in 2009 as a temporary response to the crisis. It was EUR76.358bn in 2016, with more than 11 900 sustainable investment projects in around 162 countries.
A record number of 901 projects have been approved in 2017, a 15% increase on 2016. More than EUR 78 billion for innovation, environment, infrastructure, and small and medium-sized enterprises.