The Council of Europe Development Bank (CEB), a partial agreement of the Council of Europe, serves its 41 member States by supporting social investment. Ties with the Organisation are at the heart of the CEB’s corporate identity and distinctive social mission in the global family of international financial institutions. The report notes that - despite complexities in its economic, financial and regulatory environment, its relatively small size and some structural rigidities - the CEB has successfully managed risks while supporting high-value social projects and institutional capacity building.
The report highlights the CEB’s efforts to bolster sustainable and inclusive growth, the integration of refugees and migrants, as well as its emphasis on ‘green investment’. The CEB’s next development plan for 2020-2022 could stress the role the CEB can play in the collective mobilisation of its stakeholders towards the achievement of the UN Sustainable Development Goals, notably by focusing on the needs of the most disadvantaged population groups in both urban and rural areas.
To this end, the report recommends to further rationalise the CEB’s governance and project screening, to boost action for tackling the causes and consequences of socio-economic inequalities, and to improve the delivery of public services as regards access to education, healthcare, housing and employment.
Key figures on CEB and its activities (in million euros; data for the end of each year)
2014 |
2015 |
2016 |
2017 |
2018 |
2014-2018 |
|
Loans disbursed during the year Of which in target countries |
1 746 924 |
1 843 1126 |
2 037 1156 |
2 302 1150 |
2 773 1233 |
+58.8% +33.4% |
Projects approved during the year Of which in target countries |
2 065 1320 |
2 301 1499 |
3 451 1144 |
3 908 1448 |
3 898 1664 |
88.8% +26% |
Total of loans outstanding |
12 992 |
13 416 |
13 715 |
14 057 |
14 883 |
+14% |
Subscribed capital |
5 472 |
5 472 |
5 472 |
5 472 |
5 472 |
0 |
Paid-in capital |
612 |
612 |
612 |
612 |
612 |
0 |
General reserve |
1 895 |
2 030 |
2 150 |
2 255 |
2 353 |
+24.2% |
Profit |
134 |
127 |
104.9 |
112.0 |
97.5 |
-27.2% |
Social Dividend Account* |
70.3 |
60.6 |
63.1 |
59.1 |
52.2 |
-25.7% |
* The Social Dividend Account is fed from the bank’s profits and can be used to subsidise projects with high social impact.
Country |
2014, amount and % |
2015, amount and % |
2016, amount and % |
2017, amount and % |
2018, amount and % |
|||||
---|---|---|---|---|---|---|---|---|---|---|
Albania |
44.6 |
2.2 |
- |
- |
- |
- |
- |
- |
- |
- |
Belgium |
100 |
4.8 |
206.4 |
9.0 |
- |
- |
285 |
7.3 |
- |
- |
Bosnia & Herzeg. |
7.5 |
0.4 |
- |
- |
11 |
0.3 |
- |
- |
4.5 |
0.1 |
Bulgaria |
35 |
1.7 |
150 |
6.5 |
200 |
5.8 |
20 |
0.5 |
- |
- |
Croatia |
40 |
1.9 |
- |
- |
- |
- |
100 |
2.6 |
50 |
1.3 |
Cyprus |
- |
- |
- |
- |
32 |
0.9 |
- |
- |
- |
- |
Czech Rep. |
220 |
10.7 |
100 |
4.3 |
50 |
1.5 |
300 |
7.7 |
300 |
7.7 |
Finland |
60 |
2.9 |
- |
- |
140 |
4.1 |
- |
- |
220 |
5.6 |
France |
239.8 |
11.6 |
200 |
8.7 |
515.6 |
14.9 |
255 |
6.5 |
42 |
1.1 |
Georgia |
- |
- |
- |
- |
16.5 |
0.5 |
- |
- |
5 |
0.1 |
Germany |
- |
- |
- |
- |
652 |
18.9 |
200 |
5.1 |
380 |
9.7 |
Greece |
- |
- |
2 |
0.1 |
- |
- |
- |
- |
- |
- |
Hungary |
50 |
2.4 |
- |
- |
65.7 |
1.9 |
- |
- |
167 |
4.3 |
Iceland |
- |
- |
- |
- |
- |
- |
10 |
0.3 |
- |
- |
Ireland |
- |
- |
233 |
10.1 |
200 |
5.8 |
85 |
2.2 |
- |
- |
Italy |
- |
- |
- |
- |
150 |
4.3 |
350 |
8.9 |
447 |
11.5 |
Latvia |
- |
- |
50 |
2.2 |
- |
- |
12 |
0.3 |
15 |
0.4 |
Lithuania |
100 |
4.8 |
- |
- |
- |
- |
35 |
0.9 |
15 |
0.4 |
Malta |
- |
- |
- |
- |
- |
- |
29 |
0.7 |
- |
- |
Moldova |
10 |
0.5 |
- |
- |
- |
- |
- |
- |
12 |
0.3 |
Montenegro |
8 |
0.4 |
10 |
0.4 |
- |
- |
40 |
1.0 |
- |
- |
Netherlands |
- |
- |
- |
- |
100 |
2.9 |
366.6 |
9.4 |
400 |
10.3 |
Poland |
250 |
12.1 |
450 |
19.6 |
486 |
14.1 |
550 |
14.1 |
566.4 |
14.5 |
Portugal |
15 |
0.7 |
- |
- |
80 |
2.3 |
80 |
2 |
145 |
3.7 |
Romania |
50 |
2.4 |
175 |
7.6 |
- |
- |
50 |
1.3 |
179 |
4.6 |
Serbia |
8 |
0.4 |
- |
- |
- |
- |
- |
- |
250 |
6.4 |
Slovak Republic |
150 |
7.3 |
464.5 |
20.2 |
73 |
2.1 |
112 |
2.9 |
50 |
1.3 |
Slovenia |
- |
- |
- |
- |
- |
- |
50 |
1.3 |
50 |
1.3 |
Spain |
330 |
16.0 |
160 |
7.0 |
309 |
9.0 |
628 |
16.1 |
600 |
15.4 |
Sweden |
- |
- |
- |
- |
160 |
4.6 |
200 |
5.1 |
- |
- |
N. Macedonia |
97 |
4.7 |
- |
- |
10 |
0.3 |
- |
- |
- |
- |
Turkey |
250 |
12.1 |
100 |
4.3 |
200 |
5.8 |
150 |
3.8 |
- |
- |
Total |
2 065 |
100 |
2 301 |
100 |
3 451 |
100 |
3 908 |
100 |
3 898 |
100 |