EIB and the European Union’s largest national promotional banks meet in Berlin to discuss recent initiatives and common challenges in Europe

The European Investment Bank (EIB) and the five biggest European national promotional banks met to discuss the progress of existing joint initiatives, such as the Joint Initiative on Circular Economy (JICE), Quick Response — Care for Ukrainian Refugees in Europe, and Fund Marguerite. KfW CEO Stefan Wintels hosted EIB President Werner Hoyer and the other CEOs at the German promotional bank’s Berlin building.

The heads of the respective institutions also exchanged views on the various national and European initiatives for supporting energy sovereignty in Europe.

The leaders attending the meeting were:

• Beata Daszynska-Muzyczka, CEO Bank Gospodarstwa Krajowego, BGK – Poland
• Dario Scannapieco, CEO CDP Cassa Depositi e Prestiti, CDP – Italy
• Laurent Zylberberg, Executive VP Groupe Caisse des Dépôts, CDC – France
• Jose Carlos Garcia de Quevedo, CEO, Istituto de Credito Oficial, ICO – Spain
• Stefan Wintels, CEO KFW-Bank – Germany
• Werner Hoyer, President European Investmentbank (EIB) – EU

€2.9 billion has already been raised for the Quick Response — Care for Ukrainian Refugees in Europe programme launched in Paris this spring. This far exceeds the target of €2 billion.

The Joint Initiative on Circular Economy (JICE) partners reported a total volume of financed projects and programmes of €6.3 billion until the end of 2021. The initiative — launched in Luxembourg in 2019 — supports circular economy projects and programmes in the European Union and has a total volume of €10 billion until 2023.

Compliments of the European Investment Bank – A Member of the EACCNY.