Statement by President Hoyer on Eurogroup's agreement for a joint response to COVID-19

EIB President Werner Hoyer said: “This evening’s decision shows true European solidarity. Europe stands united and ready to act. The package approved by the Eurogroup will make a real difference. The EIB Group (EIB and EIF) appreciates the endorsement by European Ministers of Finance to establish the European Guarantee Fund of €25 billion, that will support up to €200 billion of finance for companies, with a special focus on SMEs. We stand ready to work with all European and national partners to activate this fund quickly and deliver its benefits where they are needed most.“

We as the EIB Group warmly welcome the #Eurogroup agreement for a joint #EU response to the severe economic impact of the #COVID19 pandemic. We are ready to play our part alongside Member States and fellow #EU institutions @mariofcenteno @PaoloGentiloni @EU_Commission @ESM_Press pic.twitter.com/yHo0G5y2Jl
— European Investment Bank (@EIB) April 9, 2020

16 April 2020

EIB Group establishes EUR 25 billion guarantee fund to deploy new investments in response to COVID-19 crisis

The EIB Group is set to play a key role in the fight against the economic consequences of the COVID-19 pandemic. Following a recommendation by the Eurogroup on 9 April, the Board of Directors of the European Investment Bank (EIB) today backed the creation of a €25 billion European COVID-19 guarantee fund. The fund will enable the EIB Group to scale up its support for European companies up to an additional €200 billion – with a focus on SMEs.

3 April 2020

EIB Group moves to scale up economic response to COVID-19 crisis

The Board of Directors of the EIB today discussed the creation of a €25 billion guarantee fund to enable the EIB Group to scale up its support for companies in all 27 EU Member States by an additional up to €200 billion. This comes on top of an immediate support package of up to €40 billion announced in March. The Board prepared the proposal for the guarantee fund for discussion by the Eurogroup on the 7^th of April 2020.

27 January 2022

EIB Group increases financing to a record €95 billion in 2021, helping the European Union fight the pandemic and speed up the green and digital transformation

For the second year in a row, the EU bank focused on fighting the COVID-19 crisis while increasing its financing for green projects. The European Investment Bank Group (EIB Group) worked with partners in Europe and around the world to deliver a record €95 billion in financing, a 23% increase from 2020 (€77 billion). The European Investment Bank (EIB) provided over €65 billion in loans, while the European Investment Fund (EIF) provided just above €30 billion in guarantees and equity.

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