The EIB Group was established in 2000, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF).
The European Investment Bank (EIB) is the European Union's instrument of long-term lending. As a policy-driven Bank, the EIB supports EU priority objectives, notably European integration and social cohesion.
The EIF provides venture capital and guarantees for small and medium enterprises (SME) to support the emergence of a performing and homogenous European venture capital market. The European Investment Bank is a majority shareholder to endorse the role of the EIF as the exclusive vehicle for venture capital of the European Investment Bank. Other shareholders are the European Union, represented by the European Commission, and a number of European banks and financial institutions from the public and private sector.
EIF carries out its venture capital and guarantee activities using either its own funds or funds entrusted by mandates. The principal sources of mandated funds are the main shareholders, the EIB (EUR 4bn) and the European Union (EUR 1.1bn), whilst up to EUR 1bn is derived from EIF's partnerships with public and private bodies.
The ECB is the central bank for Europe's single currency, the euro. The ECB's main task is to maintain the euro's purchasing power and thus price stability in the Eurozone, made up of the 16 EU countries that have introduced the euro since 1999.
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