EIB announces EUR 70bn Funding Program for 2013

27-12-2012 — /europawire.eu/ — EIB has issued new projections for its funding activities, as part of the annual revision of its Corporate Operational Plan (COP).

The Bank plans to borrow EUR 70bn in 2013. This is similar to the amount of EUR 71bn ultimately raised in 2012, which included some prefunding for 2013. The issuance of a new plan for 2013 follows approval by the Board of Directors on 18 December 2012 of the new COP for 2013-2015.

The EUR 70bn funding program is in the context of plans for increased lending activity, predicated on a capital increase of EUR 10bn to be fully paid-in.


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