European Investment Bank 2010 and 2015, from a coalition of NGOs, implicated the EIB in tax avoidance by lending to businesses which use tax havens. European Investment Bank The European Investment Bank (EIB) is the European Union's nonprofit long-term lending institution established in 1958 under the Treaty of Rome. As a "policy-driven bank" whose shareholders are the member states of the EU, the EIB uses its financing operations to bring about European integration and social cohesion. It should not be confused with the European Central Bank, which is based in Frankfurt (Germany) or with the European Bank for Reconstruction and Development (EBRD) which
Bodies of the European Union It has 344 members, organised in political groups, appointed every four years by the Council. The European Investment Bank is the European Union's long-term lending institution. The EIB supports the EU's priority objectives, especially boosting sustainable growth and job creation. There are also three inter-institutional bodies: the Publications Office, the oldest one, which publishes and distributes official publications from the European Union bodies; and the two relatively new: the European Personnel Selection Office (EPSO), a recruitment body which organises competitions for posts within Union institutions; and the European Administrative School, which provides specific training for the staff of Union institutions.