A distinctive bank
The Council of Europe Development Bank (CEB) is a multilateral bank with a unique social vocation. The CEB is tasked to contribute to the social cohesion and sustainable social development of its 41 member states, which are also its shareholders.
A bank with a social purpose
The CEB was established in 1956 as a “Resettlement Fund” by eight member states of the Council of Europe. Since then, it has gradually transformed into a fully-fledged multilateral development bank. Faithful to its exclusively social vocation, the CEB's mandate has also evolved over time, broadening and adapting to European social priorities and needs.
The Bank's mandate and mission are defined in its Articles of Agreement. In operational terms, the CEB provides loans and guarantees to finance investment projects meeting a certain number of criteria in diversified sectors of action. The CEB pays particular attention to the quality of the projects it finances, with a view to enhancing their social impact. Technical assistance and monitoring throughout the whole project cycle constitute key factors in the effective implementation of its projects.
Relations with the Council of Europe are at the very core of the CEB's identity and, in some ways, constitute the Bank's distinctive “brand” within the community of international financial institutions. The CEB has nonetheless a separate legal entity and full financial independence, as well as its own governance system.
The CEB's social mission is implemented within a strategic framework formalised by a medium-term development plan (see more…).
A partner of choice
The CEB seeks to leverage its financing and expertise capacities by further strengthening European and international cooperation, and raising additional funds from donors.
In 2017, the CEB deepened its partnerships along three major lines:
- scaling up its support for achieving the UN Sustainable Development Goals (SDGs);
- promoting a social agenda in Europe, especially the need for further social investment;
- gaining recognition as an institution committed to fighting climate change and harmful business practices.
A responsible institution
In line with its specific nature and mandate, the CEB is committed to integrity, transparency and compliance with best practices in its activities and functioning.
A key role to ensure that the CEB conducts its activities with integrity is played by the Office of the Chief Compliance Officer (OCCO).
Katherine Delikoura, Chief Compliance Officer
In year 2018, OCCO celebrates its 10th anniversary at the CEB; our motto is “Compliant people, compliant projects.”
As a public institution, the CEB has also to be appropriately accountable for its action to all its stakeholders. To achieve this, the Bank relies on a Public Information Policy that sets out the principles and rules for disclosure of information (see more…).