Crédit Coopératif and the CEB renew their partnership: 100 million euro loan in support of general interest projects

16 September 2009

PARIS - Jean-Louis Bancel, Chairman of Crédit Coopératif, and Apolonio Ruiz-Ligero, Vice-Governor of the CEB, today signed a 100 million euro loan agreement aimed at financing the construction or rehabilitation of infrastructure in the health, education and vocational training sectors and at improving the quality of life in urban and rural areas throughout France.

This loan agreement renews the partnership commitment made by the Council of Europe Development Bank when, in 2007, it granted an initial loan of 50 million euros to Crédit Coopératif.

The projects that will be receiving CEB funds are primarily targeted to vulnerable population groups: the elderly and the disabled faced with illness or in a state of dependence, on the one hand, young people and adults in difficult social situations, on the other. The wider aim of these investments is to contribute to strengthening social cohesion.

Related country