ABSTRACT
The European Investment Bank, like the rest of the EEC, came into being on 1 January, 1958. Its first step, obviously, was to invest the capital subscribed by member states so that the interest on it generated more funds. Until 1961, the EIB's loans were not only made from this earned interest but also from the original capital itself. It took three years for the Bank to organise itself to the point where it felt able to approach the international capital market for funds. 1
