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European Investment Bank Promoting European objectives 21/08/2012 - - PowerPoint PPT Presentation
European Investment Bank Promoting European objectives 21/08/2012 - - PowerPoint PPT Presentation
European Investment Bank Promoting European objectives 21/08/2012 1 The EIB Group The European Investment Bank (EIB) The European Investment Fund (EIF) 21/08/2012 2 The European Investment Bank (EIB) Long-term finance promoting European
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The European Investment Bank (EIB)
Long-term finance promoting European objectives
European Union’s long-term lending bank set up in 1958 by the Treaty of Rome. Shareholders: 27 EU Member States Governance
Board of Governors – EU Finance Ministers Board of Directors - Member States & European Commission Management Committee –EIB’s executive body Audit Committee – independent, non-resident
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The European Investment Bank (EIB)
European priority objectives
Within the Union: Convergence Small and medium-sized enterprises (SMEs) and mid-cap enterprises (midcaps) Environmental sustainability Knowledge Economy Trans-European Networks (TENs) Sustainable, competitive and secure energy
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The European Investment Bank (EIB)
European priority objectives
Outside the Union: Private sector development Infrastructure development Security of energy supply Environmental sustainability Support for EU presence in Asia and Latin America via Foreign Direct Investment (FDI)
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The European Investment Bank (EIB)
Under EU Mandates: Pre-Accession
Candidate Countries: Croatia, Iceland, Former Yugoslav Republic of Macedonia, Montenegro and Turkey Potential Candidate Countries – Western Balkans
European Neighbourhood
Mediterranean Partner Countries (FEMIP) Russia and Eastern Neighbours
Development
Africa, Caribbean and Pacific (ACP, PTOM) South Africa Asia and Latin America (ALA)
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2011 Key figures European Union: EUR 53.8bn Partner countries: EUR 7.1bn Total lending: EUR 60.9bn Borrowings: EUR 76.0bn Subscribed capital: (at 01/04/2009) EUR 232.4bn
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EIB Signatures 2011 (in EUR)
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Signatures and Disbursements from 2007 to 2011
Signatures Disbursements
EUR bn
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EIB Signatures 1958-2011
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Value Added
Value added of the Bank’s lending activities: Support for EU priority objectives Project quality and soundness Financial benefits of EIB funds Technical assistance Project assessment
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Breakdown of the EIB’s capital
As at 1 April 2009
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The European Investment Fund (EIF)
Venture capital & SME guarantees
Established in 1994 Owned by:
EIB European Commission Other European financial institutions
Resources:
Own funds – subscribed capital EU programmes Trust operations (EIB, German Government)
2011 figures (signatures):
Venture capital funds: EUR 1 126m Guarantees and microfinance: EUR 1 528m
Portfolio at end 2011:
Venture capital - assets under management: EUR 5.9bn in over 373 funds Guarantees: EUR 4.4bn some 244 transactions
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OBJECTIVES
European objectives within and outside the Union
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Convergence
Lending for convergence regions, phasing-out/in regions Promoting competitiveness and employment and European cooperation Total loans of EUR 20.2bn in 2011 in all major economic sectors:
Health and education infrastructure SMEs Transport and telecommunications infrastructure Industry and the services sector Urban infrastructure
Total loans of EUR 111.9bn since 2007
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Small and medium-sized enterprises (SMEs) and mid-cap enterprises (midcaps) Intermediaries: regional and national banks EIF venture capital and SME guarantees EIB loans for SMEs of EUR 10.5bn in Europe in 2011:
Industry Energy and transport Services, including tourism
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Climate Change Action The EIB’s climate action focuses on:
low-carbon investments that mitigate greenhouse gas emissions climate-resilient projects that improve adaptation to climate change impacts.
Loans of EUR 18.0bn in 2011 for:
energy, transport, water, wastewater, solid waste, forestry, research, development and innovation (RDI).
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Knowledge Economy
A competitive, innovative and knowledge-based European economy Job creation and sustainable growth Total loans of EUR 10.4bn in EU in 2011 for:
Research, development Education and training Innovation and ICT infrastructure
Total loans of EUR 65.6bn 2007-2011
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Trans-European Networks (TENs)
Large transport and energy infrastructure networks Transport supporting development and integration Security and diversification of internal energy supply
2011 2007-2011 TENs and major axes 11 176 57 740 TEN transport 8 883 44 444 TEN Energy 1 357 9 004 Total TEN (EU) 10 239 53 447 Major transport axes in Neighbourhood Countries 937 3 340 Energy axes in Neighbourhood Countries _ 953 Total outside the EU 937 4 293
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Competitive and Secure Energy
Diversification and security of internal supply (including TEN-E) External energy security and economic development EU and Pre-accession countries: total loans of EUR 11.5bn in 2011 Other partner countries: total loans of EUR 1.3bn in 2011
Competitive and Secure Energy
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EIB Activities Outside the Union
Supporting EU Development and Cooperation Policies in Partner Countries EIB external mandates: Pre-accession countries, European neighbourhood, Development Loans of EUR 7.1bn in 2011
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BORROWING ACTIVITY A leading sovereign-class international borrower
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Funding strength adds value for customers
Loan portfolio is mainly funded through bond issues on international capital markets Passing on to loan customers of funding advantage, benefiting from financial strength and stability and strong capital market positioning Non-profit maximising Large and frequent international bond issuer. EUR 76.0bn issued in 2011
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Strategy and development impact
Objective: optimisation of cost on sustainable basis, while assuring volume and requisite strategic approach Strategic components: Liquid benchmark issues across key maturities in EUR, GBP and USD: EUR: Key source of duration GBP: leading Gilt alternative USD: A leading non-U.S. issuer Tailor-made plain vanilla and structured issuance in 37 currencies (including issues in synthetic format) since 2002. Flexibility and innovation for the investor, diversification and cost efficiency for EIB Development: notably in capital markets of new/future EU Member States and selected EU partner countries, in particular in Africa. Local currency issuance may also be linked to local currency lending.
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EIB Borrowing activity in 2011
Largest supranational borrower Total borrowing in 2011: EUR 76.0bn 294 bond issues across 19 currencies (including 6 in synthetic format)
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