Financial Report 2023

Explore the Council of Europe Development Bank's (CEB) robust financial performance in 2023, detailed in its Financial Report 2023.

The CEB's net profit reached €109.2 million, a 37.1% increase from 2022, driven by a rising interest rate environment. Core earnings also saw a 39.1% rise, excluding IFRS valuation effects.

Lending activity sustained pace, with €4.1 billion approved for 48 loan projects, including the first loan to Ukraine, aimed at restoring health infrastructure.

The CEB regained its triple-A credit rating from Moody's and Fitch, affirming its strong financial position and shareholder support.