New era of stronger European Investment Bank activity in Ireland as EIB open Dublin office

The world's biggest international public bank, The European Investment Bank (EIB) opens a permanent office in Dublin today. The Bank will give Irish companies a direct contact point for EU-supported finance and I obviously welcome their decision to come to Ireland. 

The new EIB Group office in Ireland represents the first ever permanent presence of both the European Investment Bank and European Investment Fund in Ireland. The office will be headed by Cormac Murphy an experienced banking specialist who during a 22 year career with the EIB has previously lead teams financing innovation and corporate investment, and developing new financial products, across Europe.

Taoiseach Enda Kenny welcomed the clear commitment of the EIB to broaden and enhance activity in Ireland.

“The European Investment Bank has helped to improve lives and expand economic opportunities across Ireland for more than 40 years. In recent challenging times President Hoyer’s personal focus has ensured that the EIB has been a true friend of Ireland supporting crucial new investment in education, innovation and key public infrastructure and helping small business. In September, this Government nominated Andrew McDowell to be the first Irish Vice President of the European Investment Bank in 12 years. Today, the opening of the EIB’s new Dublin office represents the next stage of a stronger and broader relationship between the EIB and Ireland and I wish new head of the Dublin office Cormac Murphy the best of success.” highlighted An Taoiseach Enda Kenny T.D.

“Close cooperation between the European Investment Bank and the Irish government has been crucial to the EIB’s effective response to the economic crisis in Ireland in recent years. The new EIB group Dublin office marks a new step for the EIB in Ireland. Looking ahead the EIB will strengthen our focus to unlock new investment both by Irish businesses and broader support to improve education, energy, transport and communications.” said Werner Hoyer, President of the European Investment Bank.