The Role of the European Investment Bank in Co-Financing European Union's Grants in Poland

• Autorzy: Aleksander Skórnik
• Języki publikacji: EN

Abstrakty

EN

The European Investment Bank (EIB) was set up in 1958 by the Treaty of Rome, as part of the decision to establish the European Union, with the aim of financing long-term capital investments projects that promote the balanced development of the Union, The EIB's shareholders are the 25 Member States of the European Union who all subscribe to its capital of 163 EUR. The EBB operates as a bank, raising most of its funds on capital markets to finance projects meeting Union policy objectives. As a major international borrower, which has always been awarded AAA credit rating by the leading rating agencies, EBB mobilizes large volumes of funds at fine terms. The Bank on-lends these resources on a non-profit basis at interest rates reflecting its borrowing costs. The volumes of the EIB's operations have grown steadily and the Bank is today one of the largest multilateral financing institutions in the world. In 2002 the EIB borrowed 38 billion EUR on capital markets to fund its activity, which reached 39 billion EUR in the same year. (fragment of text)

Słowa kluczowe

EN

Economic integration with the EU countries; Finance; Investment banking

PL

Integracja gospodarcza państw z UE; Finanse; Bankowość inwestycyjna

• Czasopismo: Prace Naukowe / Akademia Ekonomiczna w Katowicach
• Rocznik: 2004
• Tom: Finanse w dobie integracji europejskiej
• Strony: 227--232

Twórcy

autor

Aleksander Skórnik

• European Investment Bank