Monthly Archives For October 2016

EU bank lends N$ 113,5 million to Trustco for SME’s in Namibia

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The European Investment Bank (EIB), the bank of the European Union, has signed a EUR 7,5 million (N$ 113,5 million) credit facility with Trustco Group Holdings Limited, to finance small business and entrepreneurs in Namibia. At a ceremony held earlier today at Trustco Group Holdings Limited’s headquarters, the EIB, Europe’s long-term lending institution, signed the agreement with Trustco Group Holdings Limited. “The European Investment Bank has a strong track record in supporting crucial inve…

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EU bank lends N$ 113,5 million to Trustco for SME’s in Namibia

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The European Investment Bank (EIB), the bank of the European Union, has signed a EUR 7,5 million (N$ 113,5 million) credit facility with Trustco Group Holdings Limited, to finance small business and entrepreneurs in Namibia. At a ceremony held earlier today at Trustco Group Holdings Limited’s headquarters, the EIB, Europe’s long-term lending institution, signed the agreement with Trustco Group Holdings Limited. “The European Investment Bank has a strong track record in supporting crucial inve…

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MEF-EIB agreement: EUR 1bn financing operation to improve the safety of RFI's rail network

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The European Investment Bank (EIB) is supporting the Italian Government’s efforts to improve the safety of and modernise the domestic rail network managed by RFI (FS Group). The EUR 1bn finance contract was signed today between Italy’s Ministry of Economy and Finance (MEF) and the EIB. The loan will help finance works on the entire rail network of Rete Ferroviaria Italiana (RFI), a company that at the same time has signed with the EIB the project agreement requiring RFI to draw up a detailed …

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Mateja Vraničar Erman, new Governor for Slovenia

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On 21 September 2016, the National Assembly of the Republic of Slovenia appointed Ms Mateja Vraničar ERMAN as Minister of Finance. On 13 October 2016, following the decision by the Government of the Republic of Slovenia, Ms ERMAN also became Gover…

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Pierre Krier, member of the Audit Committee

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By letter dated 30th September 2016, Mr Pierre KRIER (Former Audit Partner, PwC) has been nominated, by common accord with the Grand Duchy of Luxembourg, the Kingdom of Belgium and the Kingdom of the Netherlands for appointment as a member of the Audit…

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MEF-EIB agreement: EUR 1bn financing operation to improve the safety of RFI's rail network

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The European Investment Bank (EIB) is supporting the Italian Government’s efforts to improve the safety of and modernise the domestic rail network managed by RFI (FS Group). The EUR 1bn finance contract was signed today between Italy’s Ministry of Economy and Finance (MEF) and the EIB. The loan will help finance works on the entire rail network of Rete Ferroviaria Italiana (RFI), a company that at the same time has signed with the EIB the project agreement requiring RFI to draw up a detailed …

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Pierre Krier, member of the Audit Committee

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By letter dated 30 th September 2016, Mr Pierre KRIER (Former Audit Partner, PwC) has been nominated, by common accord with the Grand Duchy of Luxembourg, the Kingdom of Belgium and the Kingdom of the Netherlands for appointment as a member of the Audit Committee of the European Investment Bank, to succeed Mr Jean-Nicholas SCHAUS, who tendered his resignation with immediate effect on 8 May 2015. By letter dated 7 th October 2016, the Board of Governors was invited to vote on the proposed appo…

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Mateja Vraničar Erman, new Governor for Slovenia

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On 21 September 2016, the National Assembly of the Republic of Slovenia appointed Ms Mateja Vraničar ERMAN as Minister of Finance. On 13 October 2016, following the decision by the Government of the Republic of Slovenia, Ms ERMAN also became Governor of the European Investment Bank for the Republic of Slovenia. Before her appointment as Minister of Finance, Ms ERMAN served since 2013 as State Secretary in the Ministry of Finance, mainly responsible for customs and tax systems as well as State…

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#InvestEU: European support for Copenhagen airport expansion

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The European Union is supporting Copenhagen Airport (CPH) in its plans to reach a capacity of 40 million passengers a year with a EUR 168m (DKK 1.25bln) loan from the European Investment Bank (EIB). The loan will be guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe , in which the EIB is the European Commission’s strategic partner. The project concerns the expansion of Copenhagen Airport to cater for future growth in air traffic an…

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#InvestEU: European investments for safer air and sea travel

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The European Union will support Danish aerospace manufacturer Terma with a EUR 28m loan from the European Investment Bank (EIB). The loan will be the first corporate transaction in Denmark to be guaranteed under the European Fund for Strategic Investments (EFSI), heart of the Investment Plan for Europe , in which the EIB is the European Commission’s strategic partner. The project entails research, development and innovation (RDI) investments for the development of high-tech products for civil…

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