December 2024 European Investment Bank Group Risk Management Disclosure Report

The EIB Group (the 'EIBG' or the 'Group'') does not fall within the scope of application of the European Union (EU)'s legislation applicable to credit institutions, in particular the Capital Requirements Directive and Regulation (Directive 2013/36/EU or 'CRD', Regulation 575/2013 or 'CRR', as amended from time to time). The EIB, therefore, is not legally obliged to meet the requirements of the above-mentioned Directive and Regulation. However, reflecting its statutory duty to conform with best banking practice (BBP), the EIB aims to apply both at individual and consolidated level relevant EU banking legislative acts and guidelines, to the extent determined by its competent governing bodies and in line with the BBP Guiding Principles approved, as further described in Section 2.3 below. Following on from the above, the December 2024 EIB's Group Risk Management Disclosure Report ('GRMDR' or the 'Report') has been prepared in line with the prudential disclosure requirements as set out in Articles 431 to 455 of Part Eight of CRR1 and the related technical standards, guidelines and opinions of the European Banking Authority ('EBA'), deemed applicable to the EIB as BBP. These disclosure requirements and the corresponding European Commission Implementing Regulation seek to increase the efficiency of banks' disclosures and reinforce market discipline through a comprehensive framework with consistent and comparable Pillar III disclosures. Further, in this edition of the Report, disclosures reflect the non-applicability as BBP or non-availability of certain templates, as described in Section 2.3 below. Accordingly, the EIB Group's disclosures are not fully comparable with those published by EU credit institutions, financial holding companies and mixed financial holding companies, directly within the subjective scope of CRD/CRR, owing that to the EIB's status as an EU body pursuant to the Treaty on the Functioning of the European Union.