September 2016

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Malawi authorities uncover corruption with EIB help

Staff from the EIB’s Inspectorate General have assisted the Malawi Anti-Corruption Bureau (ACB) on an ACB investigation into allegations of corrupt payments in the award of a contract issued by the Lilongwe Water Board (LWB). The contract allegedly affected by these allegations was financed from the national budget along with a loan from the European Investment Bank. Two people have been arrested as part of this operation and computer equipment has been seized from several individuals. Deputy…


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Greek Finance Minister Tsakalotos speaks at Bridge Forum Dialogue at EIB

Greek Finance Minister Euclid Tsakalotos visited the European Investment Bank (EIB) in Luxembourg on 28 September for discussions with EIB President Werner Hoyer about EIB activity in Greece and to speak at a Bridge Forum Dialogue event on the efforts his country is making to emerge from its economic and financial crisis. Prior to the Bridge Forum Dialogue event, entitled ‘Recovering from the crisis: Macroeconomic versus Real economy and social dimensions’ , Minister Tsakalotos praised the EI…


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EIB to open first Dublin office before year end

The European Investment Bank expects to open its first permanent presence in Ireland later this year. The plans were confirmed by Andrew McDowell, the new European Investment Bank Vice President responsible for Ireland during his first working visit to Dublin since assuming office earlier this month. “The European Investment Bank has played a key role in supporting Ireland’s economic recovery in recent years and unlocking new investment across the country for the last 4 decades. It is essenti…




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EIB extends EUR Green Bond curve out to 21 years

Longest ever Green Bond benchmark in EUR
Highlight on Independent Reasonable Assurance Report by KPMG including External Review Form
Strong participation of asset managers, insurance companies and pension funds
On 28 September 2016, the European Investment Bank (EIB), the development institution owned by the EU Member States, rated Aaa/AAA/AAA (Moody’s / Standard and Poor’s / Fitch), issued a new EUR 500m Climate Awareness Bond (CAB). The 21-year issue carries an annual coupon of 0.5%, and…




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EU bank opens office in Slovenia and extends its support to SMEs and midcaps

The European Investment Bank (EIB) has today officially opened the EIB Group Office in Slovenia to strengthen relations with public and private promoters and partner banks and widen its outreach in Slovenia. The EIB Group Office is headed by Mr Peter Jacobs. EIB Vice-President László Baranyay, who inaugurated the EIB Group Office together with Slovenia’s Minister of Finance Mrs Mateja Vraničar Erman, stated: “The Office of the EIB Group will contribute to the widening of EIB Group activities …


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EIB breaks new ground in the area of Green Bond external review

First Independent Reasonable Assurance Report by KPMG including GBP External Review Form.
In the latest of a series of milestone innovations, the EIB has posted on its website today a comprehensive statement (“CAB statement”)  describing in detail its Green Bond activities in 2015 (management  responsibilities, operational criteria, allocation/impact reports).  The document is the first of its kind and is subject to an in-depth review by external auditors. The CAB statement is accompanied b…