2 Amendments of Seán KELLY related to 2009/2166(INI)
Amendment 1 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Commends the high capital adequacy ratio of the EIB and lauds its bonus culture; in light of recent crises in the banking sector in general, considers that the EIB could offer a template for governance in this sector;
Amendment 4 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recognises the important role the EIB is playing in supporting SMEs during the financial crisis; notes in this context that at the request of the EIB's shareholders EUR 30 billion have been earmarked for loans to SMEs for the period 2008-2011 and that half of that amount has been made available between 2008 and 2009; acknowledges the built-in leverage effect which stipulates that for each euro the EIB lends to a financial partner, the partner must demonstrate that it has extended two euros of credit to SMEs; 1 stresses, nevertheless, the importance of high OJ C 297 E, 20.11.2008, p. 193. levels of oversight to ensure that financial partners do not hoard EIB credit to stabilise their own balance sheets;