News
Project approvals
24 January 2014
PARIS - Today, at its 286th meeting, the Administrative Council of the CEB approved five new loan applications worth a total of 374.8 million euros.
The loan applications break down across the Bank’s four sectoral lines of action and 63% of the total amount comprises loans earmarked for the CEB’s target group countries.
Belgium - 100 million euros to the Fonds du logement des familles nombreuses de Wallonie (FLW), to facilitate access to housing for the most disadvantaged population. The loan will thus enable the FLW to grant 1500 mortgage loans reserved for low-income households.
France - 39.8 million euros to Société Générale. Within the framework of a large-scale project for the renovation of the country’s prisons, launched by the Ministry of Justice, the project provides for the construction of two new prisons, one in Riom and the other in Valence, with emphasis placed on providing improved conditions of detention.
Poland - 130 million euros to Europejski Fundusz Leasingowy, the leader of leasing in Poland, to finance productive investment projects for micro-, small and medium-sized enterprises (MSMEs), particularly the smallest among them, thereby promoting local entrepreneurship.
Serbia - 8 million euros to the Government, to finance the demolition of 21 buildings rendered unsafe by the earthquake in Kraljevo in November 2010, and the construction of 4 new buildings for 360 homeowners and social housing tenants. The project shall include connection work to the urban infrastructure for water, sewerage, telecommunications and district heating.
"The former Yugoslav Republic of Macedonia" - 97 million euros to the Government in order to continue to modernise the country’s health services and improve access to healthcare, thanks to the "Mother Teresa" Clinical Centre in Skopje and the Regional Clinical Hospital in Shtip. This ambitious project will provide wider access to better quality healthcare, while at the same time improving working conditions for over 2000 healthcare employees.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 Moody's, outlook negative, 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.