In 2023 the Council of Europe Development Bank (CEB) delivered an exceptional performance for its member countries and their citizens. Two historic achievements stand out: first, Ukraine’s accession to the CEB as our 43rd member state in June; and second, the restoration after more than a decade of our triple-A rating with the main global rating agencies.
The uncertainties and difficulties caused by successive crises affecting Europe and the world in recent years continued to cast their shadow in 2023. However, the CEB used its experience and expertise to build on progress, acting as a bulwark for its member countries while delivering solid social gains for citizens and communities across Europe. Read more...
+2.1%
48 projects in 25 countries
Joined June 2023
+37%
The CEB has been mobilising its resources and expertise to support member states and their citizens in responding to ongoing interwoven challenges. This Report presents highlights of the year, summarising key projects and actions in 2023 as the CEB delivered on its mission of promoting social cohesion.
"Ukraine’s accession to the Bank is a milestone in our country’s development." By Olga Zykova, Deputy Finance Minister of Ukraine and member of the Administrative Council of the CEB.
See Map of CEB operations in 2023. The CEB’s Strategic Framework 2023-2027 sets the path along which the Bank pursues its social mandate. In 2023, the Bank’s total volume of loan approvals of €4.1 billion across 48 new loan projects were in line with the annual target established for the five-year implementation period.
The CEB’s loan approvals of €4.1 billion across 48 new loan projects in 2023 were in line with the Strategic Framework, which lays out three lines of action for the CEB’s operations over five years:
Gender, climate change and digitalisation are cross-cutting considerations in all three lines of action.
The CEB recorded a solid financial performance, with audited results for the financial year 2023 showing a net profit of €109.2 million, 37.1% higher than in 2022, driven mainly by the high interest rate environment.
Partnerships are essential to the CEB’s business model, by helping the Bank to operate more effectively and achieve a greater impact. The importance of partnerships was again in evidence in 2023.