European and Nordic Investment Bank

1. European Investment Bank

European Investment Bank (EIB)

European Investment Bank website address: http://www.eib. eu.int

The European Investment Bank (EIB) is a financial institution among the governments of the European Economic Community. It was established in January 1958 with its head office in Luxembourg. The purpose of the bank is to use the international capital market and internal funds of the Bank to promote the balanced and stable development of the Bank. To this end, the bank's main loan targets are economic development projects in underdeveloped areas of member countries. Since 1964, loan targets have been expanded to countries outside the European Community that have closer ties or have cooperation agreements with the European Community.

1. Organizational structure of the European Investment Bank

The bank is a joint-stock corporate financial institution. The board of directors is its highest authority. The board of directors, composed of the finance ministers of the member states, is responsible for formulating the general principles and policies of the bank. The chairman of the board of directors is rotated by each member state. The board of directors is responsible for decision-making on major businesses, such as approving loans and determining interest rates. The Management Board is responsible for the day-to-day management of the business; in addition, there is an Audit Committee.

2. Sources of funds for the European Investment Bank

① The equity capital subscribed by member states, the legal capital at the time of its inception was 1 billion European units of account;

< p>② Borrowing, raising funds in the international financial market through the issuance of bonds, is the bank's main source of funds.

3. Business Activities of the European Investment Bank

① Provide loans or loan guarantees to investment projects that promote balanced regional development in industry, energy and infrastructure;

②Promote the development of causes that are of interest to member states or the Communist Party;

③Promote the modernization of enterprises. Among them, providing loans is the main business of the bank, which includes two forms: one is ordinary loans, which are loans processed using legal capital and borrowed funds. They are mainly extended to private enterprises in the governments, states, and states of member states of the European Union. The loan period can be up to 20 years; the second is special loans, which are preferential loans provided to countries and regions outside the European Union, mainly based on the aid plan of the European Union to African countries and other developing countries that maintain closer ties with Europe Offered, loans charge low interest or no interest.

In addition to the above three, the more typical regional international financial institutions currently include the European Bank for Reconstruction and Development, the Inter-American Development Bank, the African Development Bank and the Caribbean Development Bank.

2. The Nordic Investment Bank is referred to as "Beitou" (NIB)

Founded in 1976, it is composed of the five Nordic countries: Denmark, Norway, Sweden, Finland and Iceland*** It is a regional financial organization composed of joint ventures and is headquartered in Helsinki, the capital of Finland ['finl?nd].

The registered capital of the Nordic Investment Bank is 4 billion euros, which is subscribed by member countries based on GDP, including 38% of Sweden, 22% of Denmark, 20% of Norway, 19% of Finland, and 1% of Iceland.

January 2005 On the 1st, the three Baltic countries Lithuania, Latvia, and Estonia officially joined the Nordic Investment Bank