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Document 11992E198E

    TREATY ESTABLISHING THE EUROPEAN COMMUNITY
    PART FIVE : INSTITUTIONS OF THE COMMUNITY
    TITLE I : PROVISIONS GOVERNING THE INSTITUTIONS
    CHAPTER 5 : EUROPEAN INVESTMENT BANK
    ARTICLE 198E

    /* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

    Legal status of the document In force

    ELI: http://data.europa.eu/eli/treaty/tec_1992/art_198e/oj

    11992E198E

    TREATY ESTABLISHING THE EUROPEAN COMMUNITY - PART FIVE : INSTITUTIONS OF THE COMMUNITY - TITLE I : PROVISIONS GOVERNING THE INSTITUTIONS - CHAPTER 5 : EUROPEAN INVESTMENT BANK - ARTICLE 198E /* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

    Official Journal C 224 , 31/08/1992 P. 0070


    Article 198e

    The task of the European Investment Bank shall be to contribute, by having recourse to the capital market and utilizing its own resources, to the balanced and steady development of the common market in the interest of the Community. For this purpose the Bank shall, operating on a non-profit-making basis, grant loans and give guarantees which facilitate the financing of the following projects in all sectors of the economy:

    (a) projects for developing less-developed regions;

    (b) projects for modernizing or converting undertakings or for developing fresh activities called for by the progressive establishment of the common market, where these projects are of such a size or nature that they cannot be entirely financed by the various means available in the individual Member States;

    (c) projects of common interest to several Member States which are of such a size or nature that they cannot be entirely financed by the various means available in the individual Member States.

    In carrying out its task, the Bank shall facilitate the financing of investment programmes in conjunction with assistance from the structural Funds and other Community financial instruments.

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