EX-1
from 18-K
230 pages
Exhibit I Preface Shareholders Unanimously Approved Capital Increase of Eur 10 Billion, to Be Fully Paid-In Highlights of Financial Developments at the Eib in 2012 Overview the Strategy in the Corporate Operational Plan (Cop) for 2012-2014, Approved in December 2011, Was to Stabilise Financial Ratios by Reducing Activity From the Extraordinary Levels Undertaken Since 2009 Back to Historical Levels and Strengthening Revenue Generation and Hence the Capital Base. Subsequently, in View of the Deterioration of the Economic Environment, Shareholders Explored Ways to Enable the Eib to Do More to Contribute to Economic Recovery in Europe, Without Compromising the Eib’s Financial Strength. Consequently, Shareholders Unanimously Decided on a Eur 10 Billion Fully Paid-In Capital Increase. This Will Enable the Eib to Provide Up to Eur 60 Billion in Additional Long-Term Lending for Economically Viable Projects Within the European Union Over the Next Few Years, While Also Supporting Certain Key Financial Ratios, Including Capital Adequacy and Leverage. This Decision Was First Recommended by the Heads of State and Government in June 2012 and Was Approved With Effect From 31 December 2012. a Total of 91.6% of the Capital Is Expected to Be Paid by 31 March 2013, With the Remainder to Be Paid in Two Equal Tranches on 31 March 2014 and 31 March 2015. the Paid-In Portion Of
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