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REPORT (2025/2237(INI))

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

A-10-2026-0086

Committee on Budgetary Control · Rapporteur: Dick Erixon

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Parliament's resolution on controlling the EIB Group's financial activities for 2024 assesses performance, additionality, and accountability, calling for stronger external audit, transparency, and conflict-of-interest rules. It demands the EIB fund only projects with genuine additionality, avoid crowding out private capital, and report on outcomes, while supporting defence, energy security, SMEs, and Ukraine with safeguards.

Committee position. The Committee on Budgetary Control proposes a resolution that assesses EIB activities, demands stronger accountability and transparency, and calls for specific reforms, including full ECA access and conflict-of-interest rules.

Key points

  1. Notes the EIB Group's 2024 net income of EUR 3.38 billion and stresses preserving its AAA rating, measuring success by outcomes not volumes.
  2. Concerned that overdue payments tripled to EUR 281.3 million in 2024; asks the EIB to explain causes and monitor non-performing exposures.
  3. Calls for impact-based reporting under InvestEU, including additionality and crowding-out assessments, and for simplifying procedures without weakening controls.
  4. Urges the EIB to evaluate low-carbon projects, including nuclear, on objective criteria, and to review ESG reporting to ensure proportionality.
  5. Supports expanded defence and security financing, calling for strict safeguards, end-use monitoring, and a dedicated annual reporting annex to Parliament.
  6. Stresses that EIB housing and education financing must complement national efforts, demonstrate additionality, and not substitute for public budgets.
  7. Emphasises the EIB must target market failures, support SMEs and large companies in strategic sectors, and avoid crowding out private investment.
  8. Calls for results-oriented indicators, region-by-region impact data, and transparent reporting on cross-cutting objectives and trade-offs.
  9. Demands robust safeguards for lending outside the EU, including transparency, anti-fraud, sanctions compliance, and cooperation on return agreements.
  10. Notes EIB support to Ukraine of EUR 2.3 billion and calls for rigorous audit, oversight, and anti-corruption measures for Ukraine Facility funds.
  11. Calls for full ECA access to all EIB operations, stronger conflict-of-interest rules, and reform of the complaints mechanism for independence.
  12. Urges the EIB to align its exclusion policy with the Commission's EDES, improve fraud detection, and enhance transparency and reporting to Parliament.

Who is affected

  • The EIB Group, including the EIB and EIF, faces demands for greater transparency, accountability, and reformed internal mechanisms.
  • EIB borrowers and financial intermediaries may see simplified reporting but stricter scrutiny on additionality and exclusion criteria.
  • Ukrainian authorities and beneficiaries of EIB support in Ukraine must meet higher audit and anti-corruption standards.
  • EIB staff and management face new conflict-of-interest rules, including longer cooling-off periods and ethics oversight.

Figures and deadlines

  • EUR 3.38 billion: EIB Group consolidated net income in 2024.
  • EUR 281.3 million: overdue payments over 90 days at end of 2024, up from EUR 82.4 million in 2023.
  • EUR 1.7 billion: EU guarantee utilised for 38 InvestEU operations in 2024.
  • EUR 27 billion: EIB investment in energy transition and security in 2024.
  • EUR 1.04 billion: EIB security and defence financing in 2024, up from EUR 0.5 billion in 2023.
  • EUR 38.3 billion: EIB Group cohesion financing in 2024, 48% of total EU financing.
  • EUR 2.3 billion: EIB disbursements to Ukraine since the war started.
  • EUR 942.6 million: EIB lending package to Northvolt AB, which filed for bankruptcy in 2025.