Interim report 2013

Explore the Council of Europe Development Bank's (CEB) financial performance in the Interim report 2013. The report highlights that the amounts of projects approved (€ 1.4 billion) and loans disbursed (€ 502.8 million) are in line with the objectives defined in the Development Plan for 2010-2014. The net profit (unaudited) at 30 June 2013 amounted to € 60.9 million, i.e. a slight decrease of € 0.1 million (0.2%) compared to the same period in 2012. The capital adequacy ratio's increase compared to June 2012 is due to the deterioration in the quality of CEB's loan portfolio, which was largely offset by the increase in CEB's usable equity as well as Turkey's rating upgrade to investment grade category. Discover more in the Interim report 2013.