BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The European Investment Bank is the European Union’s nonprofit long-term lending institution established in 1958 under the Treaty of Rome. Where is the headquartered of European Investment Bank?

A	Warsaw
B	Luxembourg
C	Sofia
D	Vienna

Explanation:

Detailed explanation-1: -The European Investment Bank (EIB) is a nonprofit European Union institution based in Luxembourg.

Detailed explanation-2: -The European Investment Bank (EIB) furthers the objectives of the European Union by providing long-term project funding, guarantees and advice. It supports projects both within and outside the EU. Its shareholders are the Member States of the EU.

Detailed explanation-3: -1 January 1958 Establishment of the European Investment Bank. Founded in 1958 by the Treaty of Rome, the EIB was first located in Brussels (Belgium).

Detailed explanation-4: -The shareholders of the European Investment Bank are the 27 Member States of the European Union. The EU Member States are fully eligible for financing operations. Each Member State’s share in the Bank’s capital is based on its economic weight within the European Union (expressed in GDP) at the time of its accession.

There is 1 question to complete.