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CEB approves loans for eleven social projects

5 July 2019

LISBON – Today, at its 313th meeting held in Lisbon as part of the CEB’s annual Joint Meeting, the Administrative Council of the Council of Europe Development Bank (CEB) approved eleven loans totalling almost €1.1 billion.

JointMeetingRoomCzech Republic: a €150 million loan to SG Equipment Finance Czech Republic to finance the productive investments of micro-, small and medium-sized enterprises (MSMEs) in the Czech Republic and in the Slovak Republic, particularly in manufacturing and transportation. The funds will also be used for the modernisation of urban and rural public infrastructure.

France: a €100 million loan to the Syndicat des Eaux d’Ile-de-France (SEDIF) to part-finance the renewal of water pipelines and the use of new water treatment technology aimed at improving the quality of water in Ile-de-France. SEDIF provides drinking water to some 4.6 million users on a daily basis covering 150 municipalities, so the loan provided by the CEB is expected to have significant benefits for a large number of people. 

Georgia: a €25 million loan to ProCredit Bank in order to finance the investment projects of MSMEs. By strengthening the competitiveness of small businesses, CEB funds will contribute to the creation and preservation of permanent and seasonal jobs in the country.

Germany: a €58 million loan to part-finance the construction of social housing for low-income persons. The CEB loan will help to improve the living conditions of the region’s inhabitants.

Greece: a €70 million loan to the Government to reduce the significant damage to the environment caused by extreme floods. In addition to the positive impact expected in terms of protecting human lives and public infrastructure, the funds will contribute to the preservation of important environmental and cultural assets.

Italy: a €50 million loan to the Municipality of Genoa to support investments aimed at reducing hydrogeological risks and renovating public buildings and other public infrastructure. The funds provided by the CEB will benefit the approximately 840,000 people who reside in the metropolitan area.

Italy: a €300 million loan to Cassa Depositi e Prestiti Sozieta per Azioni to finance the renovation and upgrading of some 640 school buildings across the country, including in terms of safety improvements and anti-seismic standards. The loan, which will benefit a large number of pupils and staff, is part of a multi-year programme with an overall investment volume of €1.6 billion.

Moldova (Republic of): a €10 million loan to the Government to implement the construction of a new penitentiary facility. The project is expected to offer improved conditions to pre-trial detainees and penitentiary staff.

Netherlands: a €150 million loan to Nationaal Energiebespaarfonds to finance energy efficiency measures undertaken by home-owners, such as the replacement of existing heating systems, glazing, and roof insulation. It is estimated that over 6,000 people will benefit from the funds.

Poland: a €100 million loan to Pekao Leasing to finance eligible investment projects undertaken by Polish MSMEs. The loan will contribute to the creation of new jobs through strengthening the competitiveness of MSMEs generating employment.

Serbia: a €54 million loan to the Government for the construction of a new building for the University Children's Hospital Tirsova (“Tirsova 2”) in Belgrade. The expected social impact of the investment is high, as it will contribute to improved conditions for a large number of patients and medical staff and enhance the quality of medical services offered as well as provide training to medical staff.

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 (AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook stable and Aa1 with Moody's, 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.