European Investment Bank is the long-term lending bank of the European Union and is based in Luxembourg. European Investment Bank is owned by and represents the interest of the European Union Member States. The bank works closely with other European Union institutions to implement European Union policy. Established in 1958, European Investment Bank provides lending, borrowing, and advisory services. The bank offers loans, senior debt, subordinated debt, mezzanine finance, micro-finance development, risk-sharing finance for research and innovation projects, finance and technical expertise for sustainable energy projects. In addition, The firm also provides support for urban development projects, infrastructure project advisory services, finance and expertise for sustainable investment projects, and funding for public-private partnerships and small and medium-sized enterprises. European Investment Bank operates as a subsidiary of the European Investment Bank Group. The bank serves companies related to transport, energy, industry, health, education and training, water and sewerage services, agriculture, forestry, and information technology sectors.