This new 70B will come from bonds sold to EU member states. The states need to approve purchasing the bonds.
EIB earns about 3% profit. Private banks earn about twice that [2]. EIB is a non-profit organization.
EIB makes about 10% of its loans outside of the EU.
[0] https://www.eib.org/attachments/lucalli/20240237_070525_fina...
[1] https://en.wikipedia.org/wiki/European_Investment_Bank#Fundi...
[2] https://www.bankingsupervision.europa.eu/press/speeches/date...
This new 70B will come from bonds sold to EU member states. The states need to approve purchasing the bonds.
EIB earns about 3% profit. Private banks earn about twice that [2]. EIB is a non-profit organization.
EIB makes about 10% of its loans outside of the EU.
[0] https://www.eib.org/attachments/lucalli/20240237_070525_fina...
[1] https://en.wikipedia.org/wiki/European_Investment_Bank#Fundi...
[2] https://www.bankingsupervision.europa.eu/press/speeches/date...