News
Caisse des Dépôts and the CEB strengthen their cooperation
05 October 2023
Paris - Eric Lombard, Chief Executive Officer of Caisse des Dépôts Group (CDC), and Carlo Monticelli, Governor of the Council of Europe Development Bank (CEB), have signed a memorandum of understanding to strengthen the partnership between the two institutions.
This document establishes a general framework for collaboration between the CDC and the CEB and proposes possible areas of development to maximise efficiency in their common areas of action.
The two financial institutions will share their experience and strengthen their operational cooperation to serve a common priority: social and territorial cohesion and the protection of vulnerable people in France.
CDC and CEB will also continue their cooperation within the European Long-Term Investors Association (ELTI)[1] to promote, with the European Union, long-term investment and the financing of social infrastructure.
"Our two institutions play a crucial role in meeting the social challenges facing France. More than ever, the current context is a reminder of the need to meet the needs of vulnerable populations and territories. The agreement we have just signed underlines our complementary nature and our desire to strengthen our impact, particularly in financing housing and local public infrastructure throughout France", said Carlo Monticelli.
"This agreement formalises the cooperation already established between our institutions, particularly in the social housing sector. I am very pleased with this agreement, which marks a new stage in this partnership with a major international institution, in the service of one of CDC's strategic priorities: social and territorial cohesion", concluded Eric Lombard.
CDC and CEB have enjoyed a close relationship since 2015 and have so far co-financed several operations in the social housing sector, including as part of the "European Alliance for Sustainable and Inclusive Social Housing" set up with the Union Sociale pour l'Habitat and the European Investment Bank. Six direct loans totalling €750 million have been approved by the CEB for various CDC Group entities - Banque des Territoires, Adoma and Ampère Gestion/CDC Habitat - to finance social housing projects and aid for priority and vulnerable populations, including refugees and migrants.
[1] A full list of ELTI member institutions is available at this link
About Caisse des Dépôts Group
Caisse des Dépôts and its subsidiaries form a public group, a long-term investor serving the public interest and the economic development of the regions.
It brings together five areas of expertise: social policies (retirement, vocational training, disability, old age and health), asset management, monitoring of subsidiaries and holdings, corporate finance (with Bpifrance) and the Banque des Territoires.
Press contact
Caisse des Dépôts Group - Press department: +33 1 58 50 40 00
About the CEB
The Council of Europe Development Bank (CEB) is a multilateral development bank, whose unique mission is to promote social cohesion in its 43 member states across Europe.
The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with an excellent credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.
Contact
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Communication Division
+33 6 03 12 57 80