European Investment Bank 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 is based in London (United Kingdom). The EIB is a publicly owned international financial institution and its shareholders are the EU member
Institutional seats of the European Union locations of the major seats have been enshrined in the treaties of the European Union, Parliament has no right to decide its own seat, unlike other national parliaments. Locating new bodies is also not without political disputes. The European Central Bank's (ECB) seat had to symbolise its independence from political control, and was located in a city which did not already host a national government or European institution. New agencies are also being based in eastern Europe since 2004 to balance the distribution of agencies across the EU. The treaties of the European Union outline the locations of the following