European Investment Bank
List of Deals
- 1972 $50,000,000 7 1/2% dollar bonds of 1972, due February 15, 1990
- 1970 $30,000,000 8 3/4% dollar notes of 1970 due November 1, 1975
- 1973 bonds
- 1975 $75,000,000 9% notes due November 1, 1982
The European Investment Bank (EIB) was established as an autonomous financial institution in 1957. It was created and governed by the Treaty of Rome, which established the European Economic Community (the EEC), known as the Common Market, and also by the Statute of the EIB, which was annexed as a protocol to the Treaty of Rome.
The EIB was created to contribute to the balanced development of a common market among the member-states, which included Belgium, Denmark, Germany, France, Ireland, Italy, Luxembourg, the Netherlands, and the United Kingdom. The EIB also, upon unanimous decision by its Board of Governors, grants loans for projects outside the European territories of the member-states that stand to promote European integration and economic and social cohesion. The member-states are shareholders and stand on the bank's independent decision-making bodies, namely, the Board of Governors and the Board of Directors.
The European Investment Bank is not a commercial or domestic bank. EIB does not manage private customer accounts or routine banking transactions. EIB operates like a development bank, raising funds on the financial and capital markets, principally through bond issues or other specialized capital market operations.
Over the years, the EIB has also supported development in the Mediterranean countries of Africa, the Caribbean, and the Pacific, as well as Latin America and Asia.