The European Union (EU) member states agreed to raise the European Investment Bank (AYB) this year’s financing ceiling to 100 billion euros to increase security, defense and energy investments.
AYB, which operates as the Development Bank of the EU, announced that they approved the new loan ceiling of 2025 at the meeting held by the AYB Board of Directors of the EU countries in Luxembourg.
AYB will provide support for investments in the field of defense, energy safety and technology, the statement said that the new loan limit of 100 billion euros for 2025 was recorded.
The statement said that total financing for the European security and defense sector has been increased to 3.5 percent.
In 2024, Ayb signed a total of 76.6 billion euros.
In line with the decision, Ayb will increase its financing for defense projects more than three times compared to last year and increase to 3.5 billion euros.
Luxembourg -based Ayb, which operates as an EU bank, provides financing to joint strategic projects in member states.
