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Control of the financial activities of the European Investment Bank Group — annual report 2024

TA-10-2026-0119 · P10_TA(2026)0119 · PE784.237

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Parliament's resolution on the control of the EIB Group's financial activities for 2024 assesses value for money, accountability, and sound management of EU resources, and makes recommendations on operations, transparency, and governance. It calls for improved external audit and democratic oversight, including a Treaty change to grant the ECA full access to all EIB operations, and for a formal cooperation agreement with Parliament. It stresses the need for additionality, impact-based reporting, and simplification of procedures, while supporting EIB's role in defence, energy security, and Ukraine, but demands safeguards on transparency and accountability.

Key points

  1. Notes the EIB Group's 2024 consolidated results of EUR 3.38 billion and stresses that preserving the AAA credit rating and measuring success by outcomes, not volumes, remain primary objectives.
  2. Notes with concern that overdue payments more than 90 days tripled to EUR 281.3 million (0.06% of the loan portfolio) and invites the EIB to explain causes and report corrective measures.
  3. Calls for impact-based reporting and ex post additionality assessments for InvestEU and other EU-backed operations, and for a common methodology with the Commission.
  4. Calls on the EIB to evaluate low-carbon projects, including nuclear, against objective criteria, and to prioritise energy efficiency while respecting Member States' energy mix choices.
  5. Welcomes the EIB's expanded role in defence and security, but insists on strict transparency, human rights safeguards, and regular reporting to Parliament, including a dedicated annual annex.
  6. Stresses that EIB financing must target genuine market failures, not replace private capital or national budgets, and calls for ex post crowding-out assessments.
  7. Calls for results-oriented indicators and region-by-region impact data for cohesion and climate financing, and for transparency on cross-cutting objectives and trade-offs.
  8. Insists on robust safeguards for lending outside the EU, including transparency, anti-fraud, and human rights, and calls for strengthened oversight of Ukraine projects.
  9. Calls for a Treaty change to grant the ECA full access to all EIB operations and for involving national supreme audit institutions to cover operations not audited by the ECA.
  10. Demands lessons learned from the Northvolt bankruptcy, including disclosure of risk assessments and mechanisms for early detection of systemic risks in flagship investments.
  11. Calls for strengthening conflict of interest prevention, including stricter cooling-off periods and empowering the Ethics and Compliance Committee, and for aligning transparency rules with best practices.
  12. Calls for reforming the EIB complaints mechanism to ensure independence, improving fraud reporting, and aligning the exclusion system with the Commission's EDES.

Who is affected

  • The European Investment Bank Group, including the EIB and the European Investment Fund, is the main subject of the resolution's recommendations.
  • The European Court of Auditors would gain full audit access to all EIB operations if the Treaty change called for is implemented.
  • Borrowers from the EIB, including SMEs and mid-caps, may face reduced administrative and reporting burdens if the EIB follows the calls for simplification.
  • Ukraine and its authorities are affected by calls for continued support and enhanced audit capacity.
  • EIB staff and management are affected by calls for stronger conflict of interest rules and diversity policies.

Figures and deadlines

  • EUR 3.38 billion: EIB Group's consolidated results in 2024.
  • EUR 281.3 million (0.06% of loan portfolio): overdue payments by more than 90 days at end of 2024, up from EUR 82.4 million (0.02%) 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 (48% of total EU financing): EIB Group's cohesion financing in 2024.
  • EUR 2.3 billion: EIB disbursed to Ukraine since the start of Russia's war.
  • EUR 50 billion: EU allocation under the Ukraine Facility for 2024-2027.