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EIB Impact 2016: Increase in funding levels [free access]

February 1, 2017

In January 2017, the President of the European Investment Bank presented the results for 2016 and the outlook for 2017 at the EIB’s annual press conference. The presentation, delivered in Brussels, laid out the EIB Group’s contribution to creating jobs and growth in Europe by supporting projects and investment in SMEs, key infrastructure, innovation and the environment. The EIB Group consists of the EIB and the European Investment Fund (EIF).

 

2016 Highlights


 

Sectors

 

The sectors supported by the EIB Group are critical in terms of their long-term impact on competitiveness and growth. In 2016, close to EUR20 billion went to infrastructure, EUR17 billion to environmental projects, EUR13 billion for innovation and high-speed broadband connections.

 

On climate action, the EIB has for the seventh year running exceeded its target, providing over EUR19 billion to help mitigate climate change and adapt to its impact. This represents 26 per cent of total EIB lending in 2016.

 

Transport is by far the largest sector in which the EIB has been active since its foundation. The EIB finances urban mobility, rail, aviation, maritime and road projects that are climate-friendly, safe, sustainable and innovative. It supports research, development and innovation projects aimed at making transport efficient, economic and sustainable.

 

Urban mobility includes the construction and extension/rehabilitation of public transport networks such as metro and tramway lines, and rapid transit bus systems; acquisition of rolling stock and buses; promotion of cycling and pedestrian networks; development of intelligent traffic management and information systems to improve public transport, such as electronic ticketing, traffic management and communication systems.

 

Rail includes rehabilitation, upgrading or electrification of existing lines; construction of new lines, signalling systems and intermodal terminals; financing of rolling stock for freight and passenger services, both conventional and high-speed.

 

Trans-European Transport and Energy Networks (TEN-T) links regional and national infrastructure to create coherent European systems for interconnection and interoperability. It mainly includes transport and energy, and Information and Communications Technology (ICT).

 

Whilst the EU is the main focus, TEN-T policy extends to EU’s neighbours, including Enlargement countries, the European Free Trade Association, Western Balkans, Mediterranean Partner Countries and EU’s Eastern neighbours.

 

Raising funds

 

The EIB is self-financed: lending activities are mainly funded via bond issuance in the international capital markets. Despite periods of market uncertainty last year, the Bank successfully raised EUR66.4 billion from investors around the world. Ten years after pioneering the first Green Bonds, it remains the largest issuer, with over EUR15 billion raised for climate projects since 2007. 

 

Products

 

Lending


 

Blending


 

Advising


 

Recent projects


 

Conclusion

 

The EIB President observed that financial recovery was still slow and the year 2017 must see a real stepping up of reform to ensure that investment is not being held back by unnecessary regulatory bottlenecks. There was a significant shift in the kind of financing the EIB Group provided in the year 2016 with an increase in the share of smaller loans, which go mostly to innovative smaller businesses.