What changed between the plenary report and the adopted text

Changed:1. Notes the EIB Group’s stable financial performance in 2024 and its consolidated results in 2024, amounting to EUR 3.383,38 billion; stresses that preserving the EIB’s AAA credit rating must remain a primary objective of the EIB’s governance; stresses that the EIB’s AAA rating is a strategic asset that enables the EIB to ensure favourable financing conditions; stresses that success must continue to and increasingly be measured by demonstrable economic and policy outcomes, not by merely volumes signed; stresses, furthermore, that financial performance should also be measured against evidence of policy additionality, value for money and measurable outcomes; recalls that simplified procedures should be periodically submitted for independent review;

Changed:2. Notes with concern that the portion of payments overdue by more than 90 days tripled, totalling EUR 281.3281,3 million at the end of 2024 and representing 0.060,06 % of the total loan portfolio (compared with EUR 82.482,4 million or 0.020,02 % at the end of 2023) and, while acknowledging that they remain very low by banking standards, invites the EIB to explain the underlying causes and to report on corrective measures taken; stresses that any increase in non-performing exposures must be carefully monitored in order to safeguard the EIB’s financial stability and credit standing; highlights that these increases in non-performing exposures and overdue payments significantly exceed the 2 % growth in the overall loan portfolio;

Changed:3. Notes that in 2024 the EIB approved 38 operations under InvestEU, utilising EUR 1.71,7 billion of the EU guarantee; insists that reporting must complement input-based metrics with impact-based indicators demonstrating genuine economic outcomes and must include additionality assessment and ex post analysis of potential crowding out, including for operations implemented through financial intermediaries; calls for a performance-based budgeting approach where capital allocations and strategic priorities are evaluated based on proven efficiency, return on investment and genuine value for money, in addition to compliance with predetermined percentage targets;

Changed:12. Notes the strong increase in EIB security and defence financing from EUR 0.50,5 billion in 2023 to EUR 1.041,04 billion in 2024, and the further scale-up in 2025; points out that the EIB’s current EUR 8 billion Strategic European Security Initiative will be integrated into a permanent, cross-cutting public policy objective, complementing existing public policy goals, removing predefined ceilings for security financing and allowing for increased and flexible support in line with the Council’s priorities; calls for a dedicated annual reporting annex to be submitted to Parliament on security and defence operations, including additionality, implementation speed, procurement safeguards, integrity controls and risk-sharing arrangements;

Changed:27. Notes the EIB Group’s record cohesion financing of EUR 38.338,3 billion in 2024, representing 48 % of total EU financing; calls on the EIB to publish region-by-region impact data to allow for effective scrutiny;

Changed:32. Notes that the EIB has disbursed EUR 2.3 billion in emergency relief and project support to Ukraine since the start of Russia’s war of aggression; notes that the EIB’s disbursed exposure in Ukraine is predominantly covered by EU guarantees under the EU External Lending Mandate4;Mandate; highlights that EIB support for the private sector has allowed Ukrainian banks to continue lending to the real economy; notes that, by the end of 2024, the EIB had granted financial guarantees on exposures of EUR 500.5500,5 million, which were also fully covered by EU guarantees, to counterparties located in Ukraine; remarks that the EIB maintains a local presence in Ukraine and that the Kyiv office has been progressively restaffed; reiterates its call on the EIB to provide regular, detailed updates to the budgetary authority and relevant audit bodies regarding the disbursement and implementation of funds covered by EU guarantees;

Changed:41. Expresses concern regarding the bankruptcy of Northvolt AB, the battery manufacturer that filed for bankruptcy in Sweden on 12 March 2025 after having benefited from a substantial EIB lending package of slightly over EUR 942.6942,6 million, signed in 2020 as part of the debt financing raised to expand a gigafactory site; notes that similar risks appear to exist with similar large-scale ventures such as Stegra (H2 Green Steel); calls for the disclosure of the EIB’s risk assessments and of the post-operation assessments, including the evaluation of financial exposure and the adequacy of early-warning indicators, as soon as the ongoing processes allow; demands a review of the lessons learned from the Northvolt case; calls on the Commission and the EIB Board of Directors to establish mechanisms for the early detection of systemic risks in flagship investments in order to prevent the recurrence of similar situations; calls on the EIB to disclose the risk assessment profiles for these and other similar engagements, including for governance, concentration and technology risks, in an appropriately aggregated and confidentiality-compliant manner; reiterates its call on the EIB to provide details of the evaluation and decision-making process that took place ahead of the investment in Northvolt AB, and to explain how such a crucial project failed despite the EIB’s claims that it carries out adequate and continuous monitoring of the beneficiaries of its financial support;

Changed:46. Is aware that Regulation (EC) No 1049/200151049/2001 does not formally apply to the EIB and that the EIB Transparency Policy, based on the ‘presumption of disclosure’, is intended to operate separately from, but aligned with, this regulation; calls on the EIB, in the context of its 2026 Transparency Policy review, to limit the exceptions to the ‘presumption of disclosure’ to strictly necessary and justified cases; calls on the EIB to publish more detailed minutes of its Board of Directors’ meetings, including voting records and project-specific justifications, while respecting legitimate confidentiality where necessary;

Changed:56. Notes the findings of the 2025 Development Finance Institutions Transparency Index, which indicate that the EIB scores below other multilateral development banks, such as the World Bank, Asian Development Bank and African Development Bank, on overall transparency metrics; recognises, however, the EIB’s significant strengths identified in the November 2025 ‘Behind the Billions’6Billions’ report, which labels the EIB’s disclosure as ‘good practice’ for providing nearly complete traceability of its climate finance; emphasises that the EIB should now leverage its demonstrated leadership in data coverage to provide the granular impact data and standardised methodologies required to verify the effectiveness and value for money of its investments;

Changed:59. Regrets the EIB’s delay in providing follow-up to Parliament’s annual report on the control of its financial activities for the year 20237,2023, which is traditionally provided in line with a practice established in many previous years; stresses that more structured and predictable cooperation would be beneficial to both parties; maintains that a memorandum of understanding or an interinstitutional agreement is essential for establishing such cooperation on information exchange, hearings and follow-up, which would formally put in place the practices mostly already established with the EIB; welcomes the EIB’s declared availability to engage in dialogue to ensure that cooperation is based on predictable institutional commitments rather than on informal arrangements; reiterates its call for this arrangement to be finalised quickly; calls for further ways to be explored to improve coordination between Parliament, the national parliaments and the supreme audit institutions and for an enhanced exchange with civil society and academia, which would foster greater transparency;

Changed:60. Urges the EIB to follow up, in a timely manner, on the recommendations issued by Parliament and to report on the outcomes achieved and on the impact of the actions taken to implement its priorities and the EU’s policies, with special regard to: (a) the impact (economic, environmental and social) of its investment strategy and the results achieved in contributing to the balanced and steady development of the internal market in the interests of the EU; (b) actions adopted to enhance the prevention and countering of conflicts of interest, fraud, corruption and other potential forms of misconduct; (c) new measures to strengthen transparency; (d) measures to strengthen support for SMEs and eligible economic operators during the implementation of EU policies;

Added:(a) the impact (economic, environmental and social) of its investment strategy and the results achieved in contributing to the balanced and steady development of the internal market in the interests of the EU;

Added:(b) actions adopted to enhance the prevention and countering of conflicts of interest, fraud, corruption and other potential forms of misconduct;

Added:(c) new measures to strengthen transparency;

Added:(d) measures to strengthen support for SMEs and eligible economic operators during the implementation of EU policies;