European Investment Bank

May 2003
Essential Finance;2003, p129
Reference Entry
A definition of the term "European Investment Bank" is presented. It refers to a bank created in 1957 by the Treaty of Rome, a treaty which has first established the existence of what has become the European Union. Such bank acts as a development bank for Europe that uses its good name to borrow cheaply in the international capital markets and then lending such funds to borrowers in the European and associate member states. Mostly, its loans are for seven to 10 years with certain priorities.


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