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

European Investment Bank Contents The EIB 1. The EIB’s response to the financial crisis 2. By clicking on both links are available to the respective sites of the Bank and Fund European Investment Bank

The European Investment Bank EU’s bank, an independent body in support of EU Policies Founded in 1958 by the Treaty of Rome Owned by EU’s 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 2004-2008: EUR 262 billion Borrows on capital markets (EUR 60 billion in 2008) European Investment Bank

Six strategic priorities for 2008 - 2010 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 European Investment Bank

European Investment Bank Contents The EIB 1. 2. The EIB’s response to the financial crisis By clicking on both links are available to the respective sites of the Bank and Fund 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 European Investment Bank

European Investment Bank EIB's contribution to EU anti-crisis measures: the Corporate Operation Plan for 2009-2011 30% increase in total lending volume to around EUR 66-67 billion in 2009 and 2010 50% 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 By clicking on both links are available to the respective sites of the Bank and Fund 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 2009-2010 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 European Investment Bank

European Investment Bank Contacts http://www.eib.org/ messori@eib.org Tel: +40 (0) 21 208 64 00 Fax: +40 (0) 21 317 90 90 European Investment Bank