Meeting of the Governing Board: Approval of the accounts for financial year 2009

In a particularly difficult environment, the Bank’s net profit increased by nearly 12% in relation to 2008 to reach € 107 million.

During 2009, 36 new projects were approved for a total of € 2.7 billion, representing a significant increase of over 40% in relation to 2008. The activity in favour of the target group countries was consolidated with the approval of new projects worth € 1.4 billion. The overall volume of disbursements for the year also increased by 20%, reaching a total of € 1.8 billion, 77% of which were in favour of the target group countries. The loans outstanding portfolio stood at € 12.2 billion with a very good risk profile: the counterparties carrying an investment grade rating represented thus over 86% of its loans outstanding.

Financial year 2009 marked by the completion of the Development Plan for 2005-2009, whose objectives were all met and even exceeded. Over the 5-year period, nearly € 12 billion worth of projects were approved and € 8 billion disbursed, 58% of which was in favour of the target group countries. The CEB thus enabled the financing of some € 30 billion worth of social investments in Europe, based on an average contribution of 40% per project, thereby contributing to improving the living conditions of the least advantaged populations.