Diapositive 1

1
www.coebank.org
2
A multilateral development bank 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 states
• All are members of the Council of Europe
• Among them 18 Central and Eastern European
  countries since 1994

3
Key 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 (Moodys, SP, Fitch)

(figures at Dec. 07)
4
Loans outstanding
5
CEBs action in support of the target countries
Target group countries New EU member states
non-EU member states in E and SE Europe
6
3 sectoral lines of action

• Reinforcement of social integration
• Aid to refugees, migrants and displaced
  populations
• Social housing
• Job creation and preservation in SMEs
• Urban and rural modernisation
• Administrative and judicial infrastructure
• Management of the environment
• Natural or ecological disasters and preventive
  action
• Protection of the environment
• Protection of historic and cultural heritage
• Development of human capital
• Education and vocational training
• Health

7
Action for people with disabilities

• Cross-sectoral action
• Social housing
• housing for people with disabilities in H ( 16m)
• residences with medical facilities in DK ( 300m)
• Health infrastructure
• care 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

8
Bankable projects

• Investment project in member state
• Setting clear objectives in eligible field
• e.g. building, refurbishing health
  infrastructures
• Establishing total costs and financing plan
• 50 of total cost must be financed from non-CEB
  resources
• Setting up implementation timetable
• to determine project and loan duration
• Defining framework for project implementation
• unit responsible for project implementation

9
Bankable Projects

• Financial soundness of borrower
• ensuring repayment of loan
• Typical borrowers
• Member states
• Local and regional authorities
• Financial institutions
• Other public sector entities
• With appropriate guarantees

10
Project cycle

• Preparation of project feasibility study by
  borrower
• the 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)

11
Project cycle

• Approval by the CEB Administrative Council
• Disbursements and follow-up
• In accordance with the contracts and the work
  progress
• Completion report
• Following final disbursement
• Ex-post evaluation
• 2-3 years after project completion

12
Project cycle
13
Loan terms

• Rate fixed or variable, based on CEBs 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 borrowers needs, mostly
  euros
• Guarantee member state, local authority, first
  class financial institution

14
Further information

• www.coebank.org