Financial activities of the European Investment Bank – annual report 2024

Amendments tabled for the plenary sitting on this text, in their own numbering series. This is a different set from the committee amendments tracked elsewhere on AmendEU, and is not counted in any of the site’s amendment totals.

1. Amendment 1PPEMotion for a resolution · Paragraph 24 a (new)
   Amendment

   24a. Takes note of the internal oversight role of the EIB Audit Committee; points out that no external prudential oversight in accordance with internationally accepted supervisory standards is carried out, except in the area of liquidity management; encourages its Board of Governors, given the size, complexity and specificities of the EIB business model, to establish appropriate arrangements to comply with the highest standards of external prudential oversight, while considering the necessary adaptations derived from the EIB’s unique business model;

   official amendment document ↗
2. Amendment 2RenewMotion for a resolution · Paragraph 34 a (new)
   Amendment

   34a. Calls on the Member States to amend the EIB’s exclusion list in order to enable the financing of weapons and ammunition beyond mere dual-use technologies, thereby contributing to the development of the European defence industry;

   official amendment document ↗
3. Amendment 3The LeftMotion for a resolution · Paragraph 8
   Current text

   8. Emphasises the important role of the EIB Group as a pan-European and international investment body in mobilising both public and private financing for EU priorities and supporting Member States in financing essential and strategic investments and EU policy goals;

   Amendment

   8. Notes the role of the EIB Group as a pan-European and international investment body in mobilising both public and private financing for EU priorities and supporting Member States in financing essential and strategic investments and EU policy goals; points out, however, that, in order to tackle social and ecological challenges, European citizens need a public investment bank to finance public-public projects;

   official amendment document ↗
4. Amendment 4The LeftMotion for a resolution · Paragraph 28
   Current text

   28. Welcomes the EIB’s proactive approach in the area of security and defence; highlights the fact that investment in this sector doubled in 2024 to EUR 1 billion, with the EIB’s 2025 plan set to double it again to a record EUR 2 billion; stresses that greater EIB investment in the defence sector can encourage commercial banks’ investment in the sector; notes, however, that these amounts represent less than 1.1 % of EIB investments for 2024 (EUR 88.8 billion), and 2.2 % of its financing objectives for 2025 (EUR 95 billion) and emphasises that they can only play a complementary role in addressing the estimated EUR 33.6 billion to EUR 48 billion in new financing required by 2030 for defence co…

   Amendment

   28. Deplores the EIB’s proactive approach in the area of security and defence; highlights the fact that investment in this sector doubled in 2024 to EUR 1 billion, with the EIB’s 2025 plan set to double it again to a record EUR 2 billion; stresses, in this context, that, in the middle of a social and economic crisis, there is a need for social and environmental investments, rather than an arms race;

   Excerpt — full text in the official PDF.
   official amendment document ↗
5. Amendment 5The LeftMotion for a resolution · Paragraph 28 a (new)
   Amendment

   28a. Calls on the EIB to stop developing mechanisms for the financing of military equipment, infrastructure, services and technologies, and to focus on social and ecological challenges only;

   official amendment document ↗
6. Amendment 6ESNMotion for a resolution · Paragraph 23 a (new)
   Amendment

   23a. Regrets the EIB’s large-scale investments in wind turbines and photovoltaic panels, whose economic and environmental inefficiency has long been demonstrated;

   official amendment document ↗
7. Amendment 7ESNMotion for a resolution · Paragraph 24
   Current text

   24. Stresses the importance of addressing high energy costs in the EU to enhance the competitiveness of European companies; points out that a stable energy supply at competitive prices is one of the foundations of a successful industrial policy; calls on the EIB Group to especially support SMEs facing energy-related cost pressures, including through targeted financing and advisory services to improve energy efficiency and resilience; calls on the EIB to continue to support energy-intensive industries, in order to ensure that this highly strategic sector is in a position to successfully manage the energy transition;

   Amendment

   24. Stresses the importance of addressing high energy costs in the EU to enhance the competitiveness of European companies; points out that a stable energy supply at competitive prices is one of the foundations of a successful industrial policy; calls on the EIB Group to especially support SMEs facing energy-related cost pressures, including through targeted financing and advisory services to improve energy efficiency and resilience; calls on the EIB to continue to support energy-intensive industries, in order to ensure that this highly strategic sector is in a position to successfully manage the energy transition; notes that the EU’s current energy policy has, to date, yielded the opposite…

   Excerpt — full text in the official PDF.
   official amendment document ↗
8. Amendment 8ESNMotion for a resolution · Paragraph 28 a (new)
   Amendment

   28a. Calls on the Member States to establish a European preference principle in their defence procurement to reinforce the European defence industry and the continent’s strategic autonomy;

   official amendment document ↗
9. Amendment 9The LeftMotion for a resolution · Paragraph 41 a (new)
   Amendment

   41a. Encourages the EIB to expand its investment scope to include the renovation and revitalisation of housing in small villages and historic towns located in remote and inland areas of the EU, as a means to promote territorial cohesion, combat depopulation, and preserve cultural heritage; calls on the EIB to develop specific financial instruments for these interventions, ensuring that they are accessible to small municipalities and local actors; invites the EIB and the Commission to explore the introduction of financial support for enterprises participating in such renovation projects, in order to attract investment and stimulate local economic development in these disadvantaged areas.

   official amendment document ↗
10. Amendment 10PfEMotion for a resolution · Recital B a (new)
    Amendment

    Ba. whereas Parliament must demand ideological neutrality in the EIB’s actions, which must refrain from favouring any particular political or economic doctrine; whereas the EIB must refocus its tasks on strategic, concrete and essential projects that directly serve the priority needs of the Member States;

    official amendment document ↗
11. Amendment 11PfEMotion for a resolution · Paragraph 8 a (new)
    Amendment

    8a. Calls on the EIB Group to accelerate the implementation of its commitments to simplifying administrative requirements, particularly in SME financing; underlines the need to reduce bureaucracy, harmonise application forms and speed up application assessments to strengthen the competitiveness and investment activity of SMEs;

    official amendment document ↗
12. Amendment 12PfEMotion for a resolution · Paragraph 9
    Current text

    9. Recalls, however, that the EIB’s operations are by nature limited and can only play a supporting role in addressing the significant investment gap; reiterates that a more integrated economic and monetary union and strengthened economic architecture and effective coordination would support the EIB’s operations; calls, therefore, for swift and substantial progress regarding the capital markets union, particularly through concrete steps on the recently launched savings and investments union, the completion of the banking union, as well as, where appropriate, the establishment of EU-level investment instruments and tools designed to minimise the cost for EU taxpayers and maximise efficiency i…

    Amendment

    9. Recalls, however, that the EIB’s operations are by nature limited and can only play a supporting role in addressing the significant investment gap; warns against the illusion that ever closer European integration (capital markets union, banking union, etc.) alone will resolve this deficit; believes that these projects must not under any circumstances lead to the mutualisation of European debt or the centralisation of financial decision-making to the detriment of Member States;

    Excerpt — full text in the official PDF.
    official amendment document ↗
13. Amendment 13PfEMotion for a resolution · Paragraph 24 a (new)
    Amendment

    24a. Calls on the EIB Group to strengthen its transparency policy and publish comprehensive information on approval processes, funded projects and associated risks in a publicly accessible format; recalls the importance of full alignment with EU whistleblower protection and anti-corruption standards;

    official amendment document ↗
14. Amendment 14Motion for a resolution · Paragraph 1 a (new)
    Amendment

    1a. Takes note of the adoption of the EIB Group Action Plan on Security and Defence and calls on the EIB to continue supporting dual-use projects in line with trusted civil use principles; highlights the importance of support instruments for SMEs in the defence industry and for innovation, especially via simplified procedures and technical assistance;

    official amendment document ↗
15. Amendment 15Motion for a resolution · Paragraph 3 a (new)
    Amendment

    3a. Underlines that financing strategic and innovative projects including defence, security or new technology may influence the risk structure of the EIB; calls on the EIB to maintain a sufficiently high rating profile;

    official amendment document ↗
16. Amendment 16Motion for a resolution · Paragraph 14 a (new)
    Amendment

    14a. Notes that the EIB’s exclusive branding as a ‘climate bank’ is unsustainable in the context of growing security threats, economic stagnation and Europe’s technological dependence; calls on the EIB to reconsider its strategic priorities and shift financing towards areas of higher public value, such as defence, industry, innovation and energy independence;

    official amendment document ↗
17. Amendment 17Motion for a resolution · Paragraph 28 a (new)
    Amendment

    28a. Calls on the EIB to support the emergence of a genuine European preference for defence-related investments;

    official amendment document ↗