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REPORT (2024/2053(INI))

On the financial activities of the European Investment Bank – annual report 2024

A-10-2025-0112

Committee on Economic and Monetary Affairs · Rapporteur: Francisco Assis

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This resolution assesses the European Investment Bank's 2024 activities. It welcomes the EIB's strategic roadmap and calls for a greater role in closing Europe's investment gap, while stressing the need to maintain its 'triple A' rating. It calls for more balanced geographical distribution, simplified processes, and support for SMEs, climate, defence, housing, digital, and global investments. It also urges enhanced accountability and transparency, including an interinstitutional agreement with Parliament.

Committee position. The Committee on Economic and Monetary Affairs proposes a resolution that welcomes the EIB's strategic direction but calls for enhanced action in closing investment gaps, supporting SMEs, climate, defence, housing, and digital, while urging greater accountability and transparency.

Key points

  1. Welcomes the EIB Group 2024-2027 Strategic Roadmap and calls for the EIB to play a greater role in closing Europe's investment gap, estimated at EUR 800 billion, with EUR 450 billion for energy transition.
  2. Stresses that the EIB's 'triple A' rating must be maintained and notes the decision to increase the gearing ratio limit from 250% to 290%.
  3. Calls for a more balanced geographical distribution of EIB investments, with attention to under-represented and less developed areas.
  4. Calls for simplification of EIB processes, including a single rule book and reduced administrative burden, with a target of 30% reduction in time-to-market by end of 2024 and 50% over 2024-2026.
  5. Emphasizes the need for progress on capital markets union and banking union to support EIB operations, and welcomes EIB's role in the savings and investments union.
  6. Calls for enhanced support for SMEs, start-ups, and scale-ups, including increased EIF budget for venture capital and introduction of first-loss guarantees.
  7. Welcomes EIB's climate investments of EUR 50.7 billion in 2024, exceeding the 50% target, and calls for continued support for the green transition.
  8. Welcomes increased defence investment to EUR 1 billion in 2024 and plans to double to EUR 2 billion in 2025, but notes these are less than 1.1% of 2024 investments.
  9. Supports the EIB's action plan for affordable housing with EUR 10 billion over two years, addressing an annual investment gap of EUR 300-400 billion.
  10. Calls for strengthened digital investments, including support for AI, quantum computing, and cybersecurity, and expansion of the European Tech Champions Initiative.
  11. Calls for increased support for Ukraine and for Global Gateway projects to be transparent and accountable, with concerns about Chinese companies winning contracts.
  12. Reiterates call for an interinstitutional agreement between Parliament and the EIB to enhance democratic accountability and transparency.

Who is affected

  • The European Investment Bank and its Group, including the European Investment Fund, are the main subjects, with calls for changes in their operations.
  • Small and medium-sized enterprises (SMEs) and start-ups are targeted for increased access to finance and support.
  • Member States are urged to provide sufficient funding and support for EIB's role.
  • The European Commission is called upon to work with the EIB on various initiatives.
  • Communities affected by EIB-financed projects, particularly outside the EU, are mentioned for participation and accountability.

Figures and deadlines

  • EUR 88.8 billion total investment in 2024, with EUR 50.7 billion for climate, EUR 16.2 billion for SMEs, EUR 14.4 billion for digitalisation, and EUR 1 billion for security and defence.
  • EUR 95 billion expected total investment in 2025.
  • EUR 800 billion investment gap estimated by Draghi, with EUR 450 billion for energy transition.
  • EUR 10 billion planned investment for affordable housing over two years.
  • EUR 300-400 billion annual investment gap for housing.
  • EUR 175 million budget for Defence Equity Facility between 2024 and 2027.
  • EUR 1 billion defence investment in 2024, doubling to EUR 2 billion in 2025.
  • At least 40% of management positions held by women by end of 2026.

Legal basis: Articles 2 and 3 of the Treaty on European Union; Articles 15, 126, 174, 175, 177, 208, 209, 271, 308 and 309 of the Treaty on the Functioning of the European Union and Protocol (No 5) on the Statute of the European Investment Bank.