Results for financial year 2012

PARIS - In 2012, the Council of Europe Development Bank (CEB) achieved solid results. The 6th capital increase, in which 38 out of 40 Member States have participated, has brought the subscribed capital to € 5.5 billion. It confirmed the Member States’ strong support for the Bank and reaffirmed its valuable role in favour of social cohesion, at a time of increasing social needs in Europe.

Although not yet audited, the CEB’s 2012 net profit should come to € 120.2 million. This constitutes an increase of + 12.5% compared to 2011. This result was achieved despite challenging market conditions and the impact of downgrades of certain CEB Member States and counterparties. Equity has increased to € 2.3 billion, i.e. +8%.

In total, € 1.8 billion worth of new projects were approved, including 79% in favour of strengthening social integration, 4% for environmental management and 17% in support of public infrastructure with a social vocation. Loan disbursements amounted to € 1.6 billion, 62% of which were disbursed in the CEB’s target countries (marked by an asterisk in the list on the left).