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Definition: EIB (European Investment Bank)
The European Investment Bank (EIB) is a financial institution consisting of the countries which are a part of the EU, and it is a not for profit organization which focuses on the development of Europe.
The main objective of the EIB is to understand the market dynamic, promote trade, finance development projects, disburse loans etc for projects which can help Europe prosper. Environment, energy, sustainable development etc are the prime areas of investment.
The EIB's mission includes
Contributing to the development of less developed regions in the EU,
Financing innovation and modernisation of the internal market as well as
Financing projects of common interest to Member States.
headquarters in Luxembourg
shareholders are the 27 Member States of the European Union
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