Mr. Thomas Timme European Investment Bank, EIB Iceland Geothermal Conference 2013 March 5-8, 2013, Harpa, Reykjavík

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European Investment Bank
The bank of the EU
Iceland Geothermal Conference, March 6, 2013

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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)
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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0
50
100
150
200
250
300
350
400
450
500
EIB World
Bank
IADB ASDB IFC EBRD NIB AfDB
Largest Supranational Lender
Gross outstanding loans,
equity investments and guarantees
Source: Standard & Poor’s; Supranationals -Special Edition 2011
Data as of 31.12.2010 (World Bank, IFC as of 30.06.2011)
EUR bn

7. Renewable Energy loans 2006 - 2011
2007 2008 2009 2010 2011 Sum:
Multisector and dedicated
transmission
1,079 349 797 1,728 1,943 5,896
Bio fuel manufacturing 168 0 0 21 0 189
Biomass 14 25 72 126 310 547
Geothermal power stations 223 0 174 251 40 688
Hydropower 481 248 393 331 594 2,048
Solar energy 196 429 515 571 819 2,530
Solar energy manufacturing 315 872 49 1,236
Wind energy 489 685 1,438 3,170 1,702 7,484
Wind energy manufacturing 210 399 45 654
2,650 2,261 4,661 6,198 5,502 21,271
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Benefits of an EIB loan
Large amounts
Broad range of currencies
Long maturities
Attractive interest rates
Catalyst for participation of other banking or financial
partners

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Financing Facilities
Direct Loans
Large-scale projects (more than EUR 25m)
Intermediated Loans
Small and medium-scale projects (particularly to SMEs)
via national and regional intermediary banks

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Project Requirements
Projects must:
Meet at least one of the EIB’s objectives
Be technically sound
Be financially viable
Show an acceptable economic return
Comply with environmental protection and procurement
regulations

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The EIB project cycle

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For more information
http://www.bei.org/
Thomas Timme
t.timme@eib.org