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European Investment Bank The EIB: Financing possibilities in a time of crisis Milena Messori, Head of EIB Office in Romania Bucharest, November 19, 2009.

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Presentation on theme: "European Investment Bank The EIB: Financing possibilities in a time of crisis Milena Messori, Head of EIB Office in Romania Bucharest, November 19, 2009."— Presentation transcript:

1 European Investment Bank The EIB: Financing possibilities in a time of crisis Milena Messori, Head of EIB Office in Romania Bucharest, November 19, 2009

2 European Investment Bank Contents The EIB The EIBs response to the financial crisis

3 European Investment Bank EUs bank, an independent body in support of EU Policies Founded in 1958 by the Treaty of Rome Owned by EUs 27 Member States Subscribed capital EUR 232 billion (approved in April 2009) Lending 2009: 55.5billion (+63% in respect to the same period of 2008) Borrowing activity : EUR 262 billion Borrows on capital markets (EUR 60 billion in 2008) The European Investment Bank

4 European Investment Bank Six strategic priorities for Convergence: 40% of total lending volume Knowledge-based economy: EUR 12.4 billion in 2008 Trans-European networks (TENs): EUR 9.9 billion for transport TENs and EUR 2.7 billion for energy TENs in 2008 Energy: EUR 8.6 billion in 2008 Environment: EUR 18 billion, accounting 31% of total financing SMEs: EUR 8.1 billion within the EU (42 % increase compared to 2007). By 2011 EIB will mobilise EUR 30 billion

5 European Investment Bank Contents The EIB The EIBs response to the financial crisis 2. 1.

6 European Investment Bank The impact of the financial crisis Lack of liquidity Difficulty in securing funding increases Difficulty in securing capital allocations for PPPs Stalled syndication market Increased bank margins (and bond spreads) Reduced tenors for senior debts International players focused on domestic markets

7 European Investment Bank EIB's contribution to EU anti-crisis measures: the Corporate Operation Plan for % increase in total lending volume to around EUR billion in 2009 and % increase in lending to SMEs through banks EUR 6 billion in additional lending for energy and mitigation of climate change EUR 2.5 billion in additional investments in convergence regions more risk for more value added As at end of October 2009, overall lending activity increased by 63% compared to October 2008

8 European Investment Bank Joint IFI Action Plan: EIB, WB and EBRD Action Plan in support of banking system and lending to the real economy in Central and Eastern Europe, as an effort to address the effects of the global economic crisis IFIs will commit up to EUR 24.5 billion in financial resources in EIB committed EUR 11 billion – EUR 1.5 billion in Romania in 2009 and 2010 Objectives: Strengthen banks and support lending to the real economy Engage other stakeholders and mobilise financial resources for the region

9 European Investment Bank Contacts Tel: +40 (0) Fax: +40 (0)


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