2023 FINANCIAL REPORT

In July 2023, the EIB Group, which is composed of the EIB and its subsidiary the European Investment Fund (EIF), increased the financing targets of the original commitment in October 2022 to support the goals of the initial REPowerEU plan, from EUR 30.0 billion until 2027 to EUR 45.0 billion (REPowerEU+). [...] At the end of 2023 the disbursed sovereign exposure32 of the Bank amounted to EUR 46.1 billion (compared to EUR 45.3 billion at the end of 2022) and the sovereign-guaranteed signed exposure33 was EUR 78.7 billion (compared to EUR 79.3 billion at the end of 2022). [...] The collective provisions introduced in 2022 in the context of the Russian invasion of Ukraine increased to EUR 87.2 million at the end of 2023 from EUR 76.0 million at the end of 2022. [...] The balance of unallocated SAB CAB proceeds in the treasury CAB portfolio proceeds in the treasury SAB portfolio amounted to amounted to EUR 1.12 billion at the beginning of the EUR 1.82 billion at the beginning of the year and to year and to EUR -1.55 billion at the end of the year, EUR -0.04 billion at the end of the year, requiring the requiring the retroactive allocation of proceeds from retro. [...] At the end of 2023, total treasury assets amounted to EUR 73.0 billion (compared to EUR 77.5 billion at the end of 2022) and the Bank’s total liquidity ratio stood at 62.6% (compared to 95.4% at the end of 2022), in excess of the internal minimum liquidity requirement of 25%.40 The liquidity coverage ratio (LCR) stood at 423.7% at the end of 2023 (compared to 348.0% at the end of 2022), while the.