Charakterystyka działalności Europejskiego Banku Inwestycyjnego (do stycznia 1978 r.)

Abstract

The article sets forth to provide general characteristics of credit operations of the European Investment Bank, the oldest bank of this type as an institution of regional character. On the basis of tasks ensuing from the Statutes of the bank the author discusses in the first part of the article the more important sources of financial resources of the Bank dividing them into own and borrowed funds. The own funds include primarily the statutory capital and special subventions of the member states. However, the most important source of provision of financial resources for the European Investment Bank are capital markets of both West European countries and of the USA, in which th e bank can take loans mainly through long-term bonds emitted by the bank. The second p art of the article deals with credit operations of the European Investment Bank. The main attention of the author is focussed here on general principles of granting credits. She also analyzes statistical data concerning this sphere of operations of fEe bank. The author reaches a conclusion that the European Investment Bank actively participates in financing investment projects in the field of regional policy, infrastructure, and economic development of less developed regions. The bank participates, moreover, in financing some undertakings in the industrial sphere which were created in the course of implementation of the Treaty of Rome. This is of special importance due to implementation of levelling-off processes in infrastructure and industry of the member countries of the European Common Market.