Post on 28-Dec-2015
A multilateral development A multilateral development bank with a social vocationbank with a social vocation
The oldest pan-European supranational financial institution set up in 1956 by 8 member countries of the Council of Europe
40 member statesAll are members of the Council of Europe
Among them 18 Central and Eastern European countries since 1994
Key figuresKey figures
€ 25 billion in projects financed since inception
Outstanding loan portfolio: € 12 billion
Total assets: € 18.5 billion
Shareholders equity: € 1.8 billion
Annual loan disbursements: € 1.6 billion
Rating AAA (Moody’s, S&P, Fitch)
(figures at Dec. 07)
Loans outstandingLoans outstanding
6 337 6 0765 629 5 842
6 402
7 7438 442 8 630
9 3509 903
10 76511 483 11 965 12007
0
1 500
3 000
4 500
6 000
7 500
9 000
10 500
12 000
13 500
in m
illio
n e
uro
s
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
CEB’s action in support of the CEB’s action in support of the
target countriestarget countries
Target group countries :
New EU member states + non-EU member states in E and SE Europe
456
125324
141 91 106
218 90
382
199
378 367
744
525
972
544
1 085
568
847
586
1 398
766
1 967
811
1 191
671
-
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2 000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
€ mio
Approvals Disbursements
3 s3 sectoral lines of actionectoral lines of actionReinforcement of social integration
Aid to refugees, migrants and displaced populationsSocial housingJob creation and preservation in SMEsUrban and rural modernisationAdministrative and judicial infrastructure
Management of the environmentNatural or ecological disasters and preventive actionProtection of the environmentProtection of historic and cultural heritage
Development of human capitalEducation and vocational trainingHealth
Action for people with Action for people with disabilitiesdisabilities
Cross-sectoral actionSocial housing
housing for people with disabilities in H (€ 16m)residences with medical facilities in DK (€ 300m)
Health infrastructurecare centres for people with disabilities in SK (€ 5m)new ward for disabilities at Barcelona hospital (€ 5m)health care/dwellings for people with disabilities in D (€
300 m)Urban rehabilitation
renovation of cultural buildings in RO, providing access to disabled people
““Bankable” projectsBankable” projects
Investment project in member stateSetting clear objectives in eligible field e.g. building, refurbishing health infrastructuresEstablishing total costs and financing plan50 % of total cost must be financed from non-CEB resources Setting up implementation timetableto determine project and loan durationDefining framework for project implementationunit responsible for project implementation
““Bankable Projects”Bankable Projects”
Financial soundness of borrowerensuring repayment of loan
Typical borrowersMember statesLocal and regional authoritiesFinancial institutions
Other public sector entitiesWith appropriate guarantees
Project cycleProject cycle
Preparation of project feasibility study by borrowerthe borrower may be assisted by the CEB in the preparation
Presentation of the project by the Ministry of Foreign Affairs, together with a letter of approval
to CoE Secretary General and CEB Governor
Appraisal:Opinion on social and political eligibility (CoE Secretary General)Technical and financial appraisal, final recommendation (CEB Governor)
Project cycleProject cycle
Approval by the CEB Administrative Council
Disbursements and follow-upIn accordance with the contracts and the work progress
Completion reportFollowing final disbursement
Ex-post evaluation2-3 years after project completion
Project cycle Project cycle
Presentation by the beneficiaryPresentation by the beneficiary
Analysis + EvaluationAnalysis + Evaluation
Presentation to the ACPresentation to the AC
Disbursements and follow-upDisbursements and follow-up
Completion and evaluationCompletion and evaluation
Loan termsLoan terms
Rate : fixed or variable, based on CEB’s cost of funds (AAA) + modest margin
Duration : up to 15-20 years with a possible grace period
Amount : up to 50% of total project cost
Currency : according to borrower’s needs, mostly euros
Guarantee: member state, local authority, first class financial institution