EIB approves Brexit capital increase

EU flag UK
By Burhan Khadbai
29 May 2019

The European Investment Bank's board of governors has approved a pro rata capital increase from European Union member states in preparation for the UK's exit from the EU, which will result in it losing membership of the EIB.

The capital increase will be effective from the date when the UK is expected to leave the EU, which is currently no later than October 31, 2019. The paid-in part of the capital increase will be financed from the EIB's reserves.

EIB has €21.7bn of paid-in capital and ...

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