CEB reveals €9.4bn of projects approved awaiting funding

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The Council of Europe Development Bank has revealed its stock of projects approved awaiting financing amounts to €9.4bn as at 30 June 2021. 

According to its unaudited half-year financial statements, the Council of Europe Development Bank (CEB) has experienced an intense level of activity over the past twelve months, and has provided considerable financing to assist its member states in mitigating the health, economic and social consequences of the COVID-19 pandemic.

The bank’s stock of projects approved awaiting financing amounted to €9.4bn as at 30 June 2021. This follows the approval of 38 new projects worth €2.5bn in the first half of 2021. 

The CEB has also revealed an unaudited net profit for the first half of 2021 of €51.7m, up significantly on the same period in 2020. Meanwhile its total assets rose to €31.9bn.

Since the beginning of 2021, the CEB has issued two Social Inclusion Bonds: a €500m 7-year Social Inclusion Bond in April, and a $500m 3-year global Social Inclusion Bond in June, both with strong demand from socially responsible investors.