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 less binding than the other seats. The 2011 Treaty Establishing the European Stability Mechanism (ESM) states that the seat of the ESM must be in Luxembourg. The ESM should be ratified and active in mid-2013 and it is allowed to establish a liaison office in Brussels. There are numerous other bodies and agencies that have not had their seats fixed by treaties. Brussels hosts the European Defence Agency (as NATO and formerly the WEU are also in the city). Luxembourg hosts the Translation Centre for the Bodies of the European Union and the European Investment Bank. Strasbourg and Brussels both