Shareholders
EIF is a public-private partnership whose tripartite shareholding includes :
- the European Investment Bank, EIF's majority shareholder with 62% of shares.
EIB became EIF's principal shareholder in 2000. EIB's subscribed capital is over EUR 232bn (at 03/04/2009) and its shareholders are the 27 EU Member States. - the European Union represented by the European Commission, holding 29% of EIF's shares. Following EIF's capital increase in 2007, it is planned that the EU will gradually increase its shareholding to 30% of the total. The total EU budget 2007-2013 is over EUR 864bn, which includes EIF's own capital requirements.
- and 30 European banks and financial institutions, holding 9% of EIF’s shareholding. Shareholders come from the 27 European Member States, plus Turkey and Croatia.
EIF's authorised capital amounts to EUR 3 billion, divided into 3000 shares. At 23/07/2009, 60 of these shares were authorised but not yet issued.
It is planned that the EU will gradually increase its shareholding to 30% of the total. The total EU budget 2007-2013 is over EUR 864bn, which includes EIF's own capital requirements. EU funding covers EIF's activities under the Competitiveness and Innovation Framework Programme (CIP) and indirect financing to EU Member States via JEREMIE, the regional funding programme.
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