CEB publishes 2025 Social Inclusion Bond Report

PARIS - The Council of Europe Development Bank (CEB) published today its annual Social Inclusion Bond (SIB) Report , prepared under the Bank's portfolio approach for the management of proceeds. Along with the report, the CEB released the Excel document containing allocation and impact details.

In 2025 the CEB's SIB issuance reached €2.6 billion, representing over 45% of the Bank's total funding programme. Since launching its first SIB in 2017, the CEB has issued 28 SIBs for a total volume of over €13.5 billion. By the end of 2025, the CEB had undertaken SIB issuances in seven currencies, including its first GBP issuance in January 2025. Through this diversification strategy, the CEB has been able to reach new investors, while expanding the social bond market. Furthermore, in recognition of its leadership in the Social Bond market, the CEB was elected to the International Capital Market Association (ICMA) Principles Executive Committee (ExCom).

Key figures of the Eligible Social Loans portfolio as at 31 December 2025:

• 139 257 dwellings constructed or renovated, housing 357 771 residents
• 3 270 805 students benefitted from new or better educational facilitie
• 1 806 healthcare establishments constructed or modernised;
• 1 277 364 jobs maintained and 53 988 jobs created.

The CEB's SIB Framework, which identifies categories of projects for which the SIB proceeds can be used, comprises the following four key sectors of activity for the Bank, unchanged from the past year:

• social and affordable housing;
• health and social care;
• education and vocational training;
• support to micro-, small- and medium-sized enterprises (MSMEs) for the creation and preservation of viable jobs.

The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate from its 43 member countries. The CEB finances investment projects and provides technical assistance in social sectors such as education, health and affordable housing, while focusing on the needs of vulnerable people, as well as on the social dimensions of climate change and the environment. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. The CEB, which has a triple-A credit rating, funds itself through international capital markets. In addition, the CEB receives funds from donors to complement its activities.