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Events
- 70 years: Investing in people, for people
- A decade of the Paris Agreement: Realising its social promise
- CEB at COP30: Strengthening the social foundation of climate action
- Governor Monticelli at the Devex Impact House in Washington DC
- European Launch: “The Journey Ahead: Supporting Successful Migration in Europe and Central Asia”
- CEB Joint Meetings
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Financing the care gap: How MDBs can help transform care for older persons
09 Dec 2025 Health and social care
Meeting the care needs of older persons in Europe faces mounting challenges as rapid population ageing drives rising demand. This Discussion Paper examines the role MDBs can play in addressing this challenge.
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Interim financial report 2025
21 Oct 2025
The CEB posted sound interim results in its Half-Year Financial Report, issued on 21 October. The half-year results, which are non-audited, show that the Bank’s net profit reached €58.7 million as at 30 June 2025, down on the first half of 2024 in a challenging economic and geopolitical context. Core earnings increased by 2.7%, continuing a positive trend. For the first half of 2025, new projects amounting to €2.7 billion …
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Credit Rating Agency Methodology for Multilateral Development Banks
15 Oct 2025
Regular dialogue with MDBs and other IFIs has led to Credit Rating Agencies adapting their rating criteria, providing MDBs with greater flexibility to expand their lending capacity while maintaining the high credit ratings essential for their financing operations. This paper acknowledges the achievements to date and proposes areas for continued dialogue between MDBs and CRAs.
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Social Infrastructure in Focus: The Role of MDBs
09 Oct 2025
Social Infrastructure in Focus: The Role of Multilateral Development Banks casts a light on the catalytic role that multilateral development banks (MDBs) play in advancing and sustaining social infrastructure investment around the world. Social infrastructure, such as hospitals, schools, housing, and water and sanitation, matters for people’s welfare and building thriving, resilient societies, and as the new joint report says, is key for achieving the Sustainable Development Goals (SDGs). While …
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MDBs Comparison Report 2025
04 Sep 2025
Published for the first time, this report is a joint MDB initiative to enhance transparency and comparability of their financial positions, as called for by the G20. It offers a clear picture of how MDBs as a group provide a powerful platform to multiply the impact of shareholder capital for the global community and are uniquely positioned to contribute to the international development agenda. The Comparison Report is a valuable …
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Task Force on Climate-related Financial Disclosures (TCFD) Report 2024
22 Jul 2025 Protection of the environment
The CEB has a key role to play in the global fight against climate change and promoting a just transition, with its social focus on supporting the most vulnerable people and communities. This third annual report, which is presented in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) established under the G20, describes the Bank’s approach to climate-related risks and opportunities, and explains how it …
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CEB Risk Management Disclosure Report 2024
17 Jul 2025
In 2024 the CEB increased its lending activity, while retaining a sound risk profile and an adequate capital buffer. Solid risk management is key for the CEB’s financial strength and its social mission, and this fourth annual CEB Risk Management Disclosure Report provides readers with a clear picture of the situation to 2024. The CEB closely monitors financial markets and geopolitical events, which can impact its risk profile, though as …
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Integrity and Compliance Report 2024
08 Jul 2025
Integrity is central to achieving the Council of Europe Development Bank’s (CEB) social mandate. Read the CEB Integrity and Compliance Report 2024 and learn about how the Bank continued its process of modernisation and alignment with best international practices ranging from due diligence to awareness training, in addition to investigations and complaint handling.
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Social and affordable housing in Europe
04 Jul 2025 Social and affordable housing
Policy interventions should focus on affordable housing, aligning supply and demand, and reducing the risk of displacement of disadvantaged and low-income groups. While government support and fiscal stabilisers helped European countries cope with the pandemic, they exacerbated inequalities between the economically strong north and other regions in Europe. Long-term strategies should prioritise housing stability and targeted support for vulnerable populations. International financial institutions, such as the CEB, have a key …
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Water Security Financing Report 2024
01 Jul 2025
The world’s 10 multilateral development banks (MDBs) are committed to joint action to improve global water security by 2030. The Water Security Financing Report 2024 is the first annual report to monitor this joint commitment. The 2024 report provides a baseline for subsequent years as conditions evolve and the global focus on water security for human development, jobs and prosperity increases. This report focuses on water sector financing and actions …
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Trust Funds For Social Impact 2024
18 Jun 2025
Trust funds play a vital part in the Bank’s efforts to promote social cohesion across Europe. Financed by donors and supplemented by the CEB’s earnings, they allow the Bank to undertake more high-impact initiatives by building the capacity of its implementing partners and reducing the costs of their projects.Contributions to trust funds increased by almost 80% compared to 2023, reaching €85 million, thanks to a particularly large contribution from the …
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Sustainability Report 2024
20 May 2025
Sustainability pervades all aspects of the CEB’s work, and underpins its mission to promote social inclusion and leave no one behind. CEB's Sustainability Report 2024, just published, underscores the importance which the Bank attaches to environmental, social and governance (ESG) issues in its investment and business operations.Together with the CEB's GRI 2024 report, the report provides stakeholders with a comprehensive overview of ESG matters at the CEB. How did the …
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GRI Report 2024
20 May 2025
This annual report provides stakeholders, including environmental, social and governance (ESG) rating agencies and socially responsible investors, with a comprehensive overview of the Council of Europe Development Bank’s (CEB) approach to ESG according to standards set by the Global Reporting Initiative (GRI).
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Report of the Governor 2024
08 Apr 2025
In 2024 the Council of Europe Development Bank (CEB) provided essential support for its member countries, strongly affirming its role as the social development bank for Europe.The 2024 Report of the Governor highlights the CEB's crucial role in addressing pressing social challenges by investing in people, promoting inclusive and resilient living environments, and supporting social and economic inclusion across Europe. The Bank approved 44 new projects, totalling €4.5 billion, in …
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Financial Report 2024
08 Apr 2025
Despite geopolitical shifts and widespread economic uncertainties, the CEB's net financial profit reached €124.3 million for 2024, an increase of 13.8% compared to 2023. Core earnings, which exclude volatile elements such as the cost of risk and the valuation of financial instruments, reached €133.4 million at the end of 2024, which represented an increase of 14.8% compared to a year earlier.The CEB’s audited results in 2024 reflect strong lending activity, …
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Social Inclusion Bond Report 2024
27 Mar 2025
The CEB’s trademark Social Inclusion Bonds (SIBs) had another record-breaking year in 2024, marking the largest amount ever issued in a financial year, with €2.8 billion equivalent or over 40% of the Bank's borrowing authorisation. Find out more in the CEB’s latest annual Social Inclusion Bond (SIB) Report.
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Financing housing solutions for the homeless in Europe
02 Dec 2024 Social and affordable housing
Securing stable and sustainable funding, providing funds for unforeseen expenses and addressing the shortage of affordable housing are crucial to long-term success. Approaches that integrate different types of housing can create inclusive communities and offer viable solutions for funding partners.
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About the CEB
25 Nov 2024
Discover the Council of Europe Development Bank (CEB) through this brochure, a multilateral development bank dedicated to promoting social cohesion throughout Europe.The CEB finances investments in social sectors like education, health, and affordable housing, with a focus on vulnerable people. It approves projects based on strict criteria and provides technical assistance, receiving funds from donors to enhance impact.With 43 member states, the CEB operates in various sectors, including health, education, …
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Constructing Education: Building for impact
05 Nov 2024 Education and vocational training
Integrating educational perspectives into the conception, design and construction of schools in order to promote learning is an innovative and effective approach to investing in educational infrastructure. This joint report by the CEB and the EIB draws on in-depth research and experience of financing education, and achieving impact.
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Improving energy efficiency in housing: Why evaluation matters
30 Oct 2024 Social and affordable housing, Protection of the environment
Did you know that some 50 million households in the EU are estimated to live in energy poverty? Little wonder that fighting energy poverty has become such a priority for EU and CEB member countries. This publication underscores the importance of evaluating energy efficiency programmes in the housing sector with a view to enhancing their environmental and social impact. Improving the energy efficiency of existing buildings is essential not only …
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