Governing Board approves Report of the Governor 2014

9 April 2015

PARIS - Today, at its 210th meeting held in Paris, the Governing Board of the Council of Europe Development Bank (CEB) approved the Report of the Governor 2014, including the CEB’s financial statements for the year (for key figures see table below). 

The CEB was successful in reaching the targets set for the first year of its Development Plan 2014-2016. 

Net profit in 2014 reached a record high of €134.4 million and was entirely allocated to the Bank’s reserves, thus increasing equity to € 2.5 billion (+3.5%). 

The stock of project remained stable in 2014 at €4.6 billion, with 69% of the stock being for target group countries. Furthermore, a total of 28 new projects were approved amounting to € 2.1 billion. 37% of projects approved in 2014 were aimed at supporting micro, small and medium-sized enterprises, 24% at supporting public infrastructure with a social vocation, 20% at strengthening social integration and 19% at managing the environment.

Loans outstanding reached €12.6 billion at year-end 2014. Loan disbursements totalled € 1.7 billion, with 53% of loans benefiting CEB target group countries. To finance its operations, the Bank borrowed a total of € 3.4 billion, thus maintaining a high level of liquidity.

In 2014 the CEB further strengthened its cooperation with other institutions, the European Union and donor countries, and will continue to do so. Such partnerships allow the projects supported by the Bank to benefit from additional financing and expertise. The Regional Housing Programme, which is managed by the CEB, reached a milestone in 2014: the first housing solutions were delivered to beneficiaries in Western Balkan countries.

Key figures 2014

Report of the Governor for 2014


Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.