News
Financial results as at 30 June 2014
24 September 2014
PARIS - The half-year report entitled “Condensed interim Financial Statements as at 30 June 2014” is now available online.
Within the framework of the IFRS standards applied by the CEB since 2005, the Bank publishes its non-audited Condensed Interim Financial Statements, in accordance with IAS 34 standard “Interim Financial Reporting”.
The information provided is structured in a similar way as in the Annual Report, including: the financial statements, a selection of notes to the financial statements, a summary of the accounting principles applied by the Bank, as well as comments on the results for the reported period.
The quantified elements given in these reports are not representative of the Bank’s whole financial years.
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.