EIB announces funding programme of EUR 60bn for 2020

For immediate release

13 December 2019

EIB announces funding programme of EUR 60 billion for 2020

The EIB estimates its funding needs for 2020 at EUR 60 billion. The EIB Board of Directors in its December meeting approved a borrowing authorization of up to EUR 65 billion, allowing for upside flexibility.

The EIB has completed its 2019 funding programme of EUR 50.3 billion – in line with  the funding authorization announced for the year.

Bond redemptions for 2020 are estimated at EUR 70 billion. Redemptions in 2019 amounted to EUR 61.6 billion.

Contacts:
Investor Relations: [e-mail], [phone]

Background information on EIB
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. The Bank’s strong credit standing is underpinned by exceptional asset quality, a strong capital base and liquidity, firm shareholder support, conservative risk management and a sound funding strategy.

www.eib.org/investor_relations