Judgment_paragraph 101 · Commission of the European Communities v European Investment Bank (C-15/00)

101It is true that under Article 266 EC the EIB has legal personality distinct from that of the Community, that it is administered and managed by organs of its own and that it has its own resources and its own budget. As the case-law of the Court makes clear, the EIB must, in order to perform the tasks assigned to it by Article 267 EC, be able to act in complete independence on the financial markets, like any other bank( Commission v EIB, paragraph 28).