EIB Group Reports Record In Financing, Expands Focus For 2025
Date
1/30/2025 6:12:08 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 30. The European
Investment bank (EIB) Group provided 89 billion euros in new
financing in 2024, with a strong focus on energy security and green
investments, Trend
reports.
The bank mobilized over 100 billion euros for projects in
renewable energy, grids, storage, and net-zero industries, with
nearly 60% of its financing supporting climate action and
sustainability.
The EIB also expanded higher-risk operations, committing a
record 8 billion euros in equity and quasi-equity investments to
boost European startups and scale-ups. These funds are expected to
unlock 110 billion euros in growth capital for innovative
businesses.
Security and defense investments doubled in 2024, with expanded
eligibility for dual-use projects, including military mobility,
cybersecurity, space, and critical infrastructure protection. The
EIB aims to double security investments again in 2025.
Looking ahead, the group plans to increase financing to 95
billion euros in 2025, with a focus on European tech, raw
materials, water management, energy efficiency for small
businesses, and affordable housing. Efforts to streamline approvals
have also accelerated, reducing red tape for clients.
“We have broken records with our financing in 2024 and are ready
to support EU priorities in this new political mandate,” said EIB
Group President Nadia Calviño.“We will play an even more relevant
role in 2025, strengthening Europe's security and competitiveness
through strategic investments.”
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