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Financial activities of the European Investment Bank – annual report 2024

TA-10-2025-0145 · P10_TA(2025)0145 · PE770.192

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Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament's resolution on the European Investment Bank's 2024 financial activities welcomes its record investment and calls for a greater role in closing Europe's investment gap, while safeguarding its 'triple A' rating. It urges more balanced geographical distribution, simplified processes, and support for SMEs, climate, defence, housing, digital, and global goals, with enhanced accountability and transparency.

Key points

  1. Welcomes the EIB Group 2024-2027 Strategic Roadmap and its eight priority areas, including climate, digitalisation, security, cohesion, agriculture, social infrastructure, global impact, and capital markets union.
  2. Calls for the EIB to help close the investment gap estimated at EUR 800 billion, with EUR 450 billion for energy transition, and urges Member States to provide funding via mandates or capital increase.
  3. Stresses maintaining the 'triple A' rating and notes the gearing ratio increase to 290%, while ensuring the EIB does not crowd out private investment.
  4. Calls for more balanced geographical distribution of EIB investments, focusing on under-represented and less developed areas, islands, outermost regions, and areas with natural disadvantages.
  5. Calls for simplification of EIB processes, including a single rule book, reduced administrative burden, and one-stop shops, with targets to reduce time-to-market by 30% by end of 2024 and 50% over 2024-2026.
  6. Emphasises the EIB's role in mobilising financing for EU priorities, but notes its operations are limited; calls for progress on capital markets union, banking union, and EU-level investment instruments.
  7. Calls for enhanced support for SMEs and start-ups, including through the EIF, with increased budget for venture capital, first-loss guarantees, and convertible instruments.
  8. Welcomes the EIB's climate investments of EUR 50.7 billion in 2024, exceeding the 50% target, and calls for continued support for the green transition, including renewable energy and energy efficiency.
  9. Welcomes the doubling of defence investment to EUR 1 billion in 2024 and plans to double again to EUR 2 billion in 2025, but notes these are small compared to needs; supports the Defence Equity Facility with EUR 175 million budget.
  10. Calls on Member States to amend the EIB's exclusion list to enable financing of weapons and ammunition beyond dual-use technologies.
  11. Welcomes the EIB's housing action plan with EUR 10 billion investment over two years, and calls for more funding for affordable housing, especially for vulnerable groups and younger generations.
  12. Calls for enhanced transparency and accountability, including an interinstitutional agreement with Parliament, and for the EIB to ensure final recipients comply with EU visibility conditions.

Who is affected

  • The European Investment Bank and its subsidiary, the European Investment Fund, are called on to adjust lending priorities and processes.
  • Small and medium-sized enterprises and start-ups are targeted for increased access to finance and venture capital support.
  • Member States are urged to provide funding and amend the EIB's exclusion list to allow defence financing.
  • Affordable housing projects and vulnerable groups, including younger generations, are to benefit from increased EIB investment.
  • Ukraine and other non-EU countries, particularly candidate countries, are supported through EIB operations and Global Gateway.

Figures and deadlines

  • EUR 88.8 billion total EIB Group investment in 2024, with EUR 50.7 billion for climate and environment.
  • EUR 95 billion expected total investment in 2025.
  • Gearing ratio increased from 250% to 290%.
  • EUR 800 billion investment gap estimated by Draghi, with EUR 450 billion for energy transition.
  • EUR 10 billion planned investment in affordable housing over two years.
  • 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.

Legal basis: Articles 2 and 3 of the Treaty on European Union; Articles 15, 126, 174, 175, 177, 208, 209, 271, 308 and 309 TFEU; Protocol No 5; Articles 41 to 43 of the Euratom Treaty