www.coebank.org

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

www.coebank.org

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