1. European Investment Bank Jorge Diaz Fraga Universidad de Valencia Facultad de Economia

2. European Investment Bank European Union’s long-term financing arm. At the service of EU objectives. EIB was created in 1958.

3. EIB-Mission “Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.” 1

4. EIB-Group EIB Group was established in 2000, and is formed by: EIB : provides long and medium term bank loans. EIF : activity is centred upon two areas, venture capital and guarantees.

5. EIB-Group EIF Is EU specialist financial institution for SMEs. EIF offer guarantees to financial institutions that cover credits to SMEs. (€2040mm) EIF invest on VENTURE CAPITAL FUNDS and business incubators that support SMEs,that are focused on technology or are at early stages. (€688mm)

6. EIB-Group The EIF has several shareholders, the EIB being the majority shareholder: EIB: 62% European Commission: 30% Other European Financing Institutions: 8%

7. EIB-Strategy How the EIB achieves its mission? Financing viable capital projects, through borrowing from the capital markets. In which areas does the EIB intervenes?

8. EIB-Strategy The EIB has 6 priority points to follow on its activity Cohesion and Convergence. Support for SMEs entreprises. Environmental sustainability. Implementation of the Innovation 2010 (i2i). Development of Trans-European Networks of transport and energy (TENs). Sustainable, competitive and secure energy.

9. EIB-Structure Independent from other EU entities. Shareholders are EU member countries. Board of Governors – Board of Directors.

10. EIB-Partners EIB has forged relations with a number of groups: Eu institutions. Banking Community. Multilateral Development Banks. Civil Society Organisations. EIB- Universities Research Action. The cooperative ties ensure optimum interaction between its loans and EU budgetary aid through a number of joint initiatives such as: JASPERS. 2 Risk Sharing Finance Facility (RSFF). 3

11. References 1 EIB Mission Statement. URL: http://www.eib.org/about/mission/index.htm http://www.eib.org/about/mission/index.htm 2 JASPERS. URL: http://www.jaspers.europa.eu/ http://www.jaspers.europa.eu/ 3 RSFF. URL: http://www.eib.org/products/loans/special/r sff/index.htm http://www.eib.org/products/loans/special/r sff/index.htm

12. Bibliography URL: http://www.eib.org/attachments/general/ whatis_eibgroup_en.pdf http://www.eib.org/attachments/general/ whatis_eibgroup_en.pdf URL: http://www.eif.org/about/index.htmhttp://www.eif.org/about/index.htm URL: http://web.worldbank.org/WBSITE/EXTE RNAL/EXTABOUTUS/PARTNERS/WBE U/0,,contentMDK:20405646~menuPK:58 1219~pagePK:64137114~piPK:6413691 1~theSitePK:380823,00.html http://web.worldbank.org/WBSITE/EXTE RNAL/EXTABOUTUS/PARTNERS/WBE U/0,,contentMDK:20405646~menuPK:58 1219~pagePK:64137114~piPK:6413691 1~theSitePK:380823,00.html