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CEB posts sound half-year financial results in a challenging environment
21 October 2025
Paris – The Council of Europe Development Bank (CEB) issues sound interim results in its Half-Year Financial Report, while delivering on the Bank’s Strategic Framework 2023-2027.
Today the CEB has released the Half-year Financial Report 2025 on its non-audited, condensed interim financial statements. The report is issued in compliance with international accounting standard IAS 34 Interim Financial Reporting.
In a challenging economic and geopolitical context, the Bank’s net profit reached €58.7 million as at 30 June 2025, down by 12.4% compared to the first half of 2024. Core earnings increased by 2.7% compared to the first half of 2024, reaching €65.1 million, thus continuing a positive trend. This increase reflects an improvement in the interest margin of 4.7% thanks to higher income from securities at amortised cost, and active management of liquidity and interest rate positions.
The two elements outside core earnings – financial instruments valuations and cost of risk – had a negative net impact on the profit in the first half of 2025, compared to a positive outcome in the first half of 2024.
The CEB’s total balance sheet reached €40.7 billion at the end of June 2025, representing an increase of 5.4% compared to €38.6 billion as at 31 December 2024, reflecting the normal cyclical activity in financing in the course of the year.
Loans at fair value in the balance sheet stood at €22.0 billion, a slight decrease compared to €22.3 billion at year-end 2024.
Meanwhile, equity reached €4.8 billion as at 30 June 2025, almost stable compared to €4.7 billion at year-end 2024, mainly reflecting the 2025 net profit and the 2024 profit allocation.
In terms of risk, the CEB maintained its prudent approach and its prudential ratios remained within the approved limits throughout the reporting period. As in previous years, the Bank did not record any default or late payments from counterparties as at 30 June 2025.
For the first half of 2025, new projects amounting to €2.7 billion have been approved and loans disbursed stood at €1.1 billion. The stock of projects approved and awaiting financing reached €10.2 billion as at 30 June 2025, up by 10.6% compared to year-end 2024.
Key figures
Click here to access the CEB Financial Report 2024 and here to access the CEB’s previous annual and half-year financial reports.
The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate from its 43 member countries. The CEB finances investment and provides technical assistance in social sectors such as education, health and affordable housing, while focusing on the needs of vulnerable people, as well as on the social dimensions of climate change and the environment. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. The CEB, which has a triple-A credit rating, funds itself through international capital markets. In addition, the CEB receives funds from donors to complement its activities.
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Interim financial report 2025
The CEB posted sound interim results in its Half-Year Financial Report, issued on 21 October. The half-year results, … Published: October 2025 Read