As the European Union's (EU) bank, the European Investment Bank (EIB) is tasked with providing financial support for projects that make a vital contribution to employment and growth in Europe and beyond.

1. THE EIB AT A GLANCE
CAREER
JOHN HISCOCKS

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As the European Union’s (EU) bank, the European
Investment Bank (EIB) is tasked with providing financial
support for projects that make a vital contribution to
employment and growth in Europe and beyond.
The EIB at a Glance

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The bank’s activities are focused on four
main areas: access to finance for small busi-
nesses, climate and environmental change,
infrastructure development, and encourag-
ing innovation and skills development.
The money the EIB lends is raised through
bond issues on the international capital
markets, with the bank’s excellent rating
allowing it to borrow at good rates (that
are passed onto clients). How the bank
encourages long-term financing is by
generally financing a third of every project
and sometimes as much as half. Doing so
encourages private and public sector play-
ers to also chip in.
All projects that the EIB finances have to
be bankable and comply with strict envi-
ronmental, social and technical standards.
The bank’s team of 300 economists and
engineers rigorously screen each project to
maintain the high accountability standards
it strives for. The EIB has more than 50 years
of experience and expertise in financing proj-
ects and has a network of offices in Europe
and other parts of the world. Its headquarters
are in Luxembourg.

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John Hiscocks.
John Hiscocks,
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working for Hill
International today