EIB Presentation


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EIB Presentation

  1. 1. EIB Presentation Impact of economic crisis on inland waterway transport sector 16th – 17th November 2009 Finbarr O’Sullivan, European Investment Bank 08/12/2009 European Investment Bank 1
  2. 2. Priority Lending Objectives Cohesion and Convergence Support for SMEs Environmental Sustainability Implementation of the Knowledge Economy Development of TENs (Transport & Energy) Sustainable, Competitive and Secure Energy 08/12/2009 European Investment Bank 2
  3. 3. Transport Lending Policy – Guiding Principles Strong Commitment to the funding of TENs EIB supports all modes of transport Priority is given to environmentally-friendly modes of transport (e.g. rail; maritime; inland waterways) Purchase of new vehicles & vessels is consistent with climate-change goals 08/12/2009 European Investment Bank 3
  4. 4. EIB’s Response to the Financial Crisis Annual loan signatures increased by 21% in 2008 to EUR 57.6bn Significant increase in lending volume also expected for 2009 Special focus on SMEs; climate change & convergence 08/12/2009 European Investment Bank 4
  5. 5. EIB Lending to Transport Sector EIB is a key lender to the European Transport Sector Most Lending is for large Road & Rail Infrastructure Projects Inland Waterways: EIB is currently appraising a EUR 60m loan for a EUR 120m infrastructure project in Duisburg Port 08/12/2009 European Investment Bank 5
  6. 6. EIB Loan Products – 2 Categories Direct loans: Loans from EIB directly to final beneficiaries Minimum investment cost = EUR 25m EIB generally finances up to 50% of investment cost Indirect loans: Loans from EIB to financial intermediary that on- lends to final beneficiaries EIB SME lending is through financial intermediaries (“partner banks”) 08/12/2009 European Investment Bank 6
  7. 7. EIB Product: “EIB LOAN FOR SMEs” Target: Independent SMEs in EU with less than 250 employees Project Cost: Less than EUR 25m Indirect Loan: EIB provides credit line to Partner Bank that on-lends to final beneficiary. SMEs make loan applications to Partner Bank 08/12/2009 European Investment Bank 7
  8. 8. COOPERATION WITH THE BANKING SECTOR EIB Long-term Financing Financial Intermediary (lending to SMEs) Medium-long term loans SME SME SME SME SME SME 08/12/2009 European Investment Bank 8
  9. 9. CONCLUSION Inland Waterway is an EIB eligible sector EIB lend directly for large projects (investment cost at least EUR 25m) Smaller loans (e.g. SME loans) can be made available through Partner Banks 08/12/2009 European Investment Bank 9
  10. 10. Contact Details Finbarr O’Sullivan Structured Finance and Advisory Phone: (+352) 4379 87312 Fax: (+352) 4379 67292 email: f.osullivan@eib.org European Investment Bank 100, boulevard Konrad Adenauer L-2950 Luxembourg 08/12/2009 European Investment Bank 10