Audit Board

The Audit Board consists of three members each nominated by one of the shareholding groups: EIB, the European Commission and the financial institutions and one alternate member.

Appointments to the Audit Board last for three consecutive financial years and are renewable, with the term of one member expiring each year. The Audit Board meets at least six times annually and meets at least once with the Board of Directors.

The Audit Board has the statutory responsibility of the audit of the accounts of the EIF, as stated in EIF Statutes (Article 22) and Rules of Procedure (Article 17). In order to discharge this duty the Audit Board may have recourse to external auditors, as stated in the Rules of Procedure (Article 19).

The Audit Board annually confirms that, to the best of its knowledge and judgment, EIF's operations have been carried out in compliance with the formalities and procedures laid down in the Statutes and the Rules of Procedure, and that the financial statements give a true and fair view of EIF's  financial position as regards its assets and liabilities, and of the results of its operations for the financial year under review. This information is included in the Annual Report submitted by the Board of Directors to the General Meeting.

An Annual Report from the Audit Board to the General Meeting provides a summary of the Audit Board’s activities during the past year and of its opinions on the financial statements. The General Meeting takes note of the conclusions of the Audit Board before approving the EIF Annual Report.

EIF Audit Board


General Counsel, Ministry of Finance, Poland


Head of Funding and Treasury, ICO, Spain

Georgiana VAN ROMPUY

Internal Auditor, European Commission, Belgium

Alternate Member

Director-General for Corporate Resources, ICO, Spain

Last Update: 08/04/2022

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant pages.


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