EU Investment Bank confirms EUR 10 bn capital boost
hoyer_02 - Werner Hoyer, President of the EIB - Photo EIB.jpg
(BRUSSELS) - The European Investment Bank said on Tuesday that its shareholders, the EU's 27 member states, had unanimously approved a 10-billion-euro capital increase, as agreed by national leaders last year.
The Luxembourg-based EIB said the fully paid-in capital increase will enable it "to provide up to 60 billion euros ($79.0 billion), over a three-year period, in additional lending for economically viable projects across the European Union."
EIB President Werner Hoyer said in a statement that the boost "demonstrates a shared desire to support investment that will create jobs and contribute to economic growth in Europe."