CEB posts sound financial results for 2025

Paris - The audited financial statements for 2025 of the Council of Europe Development Bank (CEB), approved by the Governing Board, post a sound financial performance, reflecting a sustained level of social investment, despite geopolitical challenges.

Highlights include:

• Annual net profit: €122.2 million
• A volume of €4.5 billion in projects approved
• 18 bonds issued (€5.9 billion total), including six Social Inclusion Bonds
• Triple-A credit rating reaffirmed

Despite considerable global geopolitical challenges and economic uncertainty, the CEB maintained its focus on strengthening social financing among its member countries. As the challenges persisted, the Bank demonstrated consistency in implementing its Strategic Framework 2023-2027, including allocating financial resources to support education, healthcare, and social and affordable housing projects, with a particular focus on reaching vulnerable individuals and communities.

Audited financial results for 2025 published in the CEB's annual Financial Report today indicate a net profit of €122.2 million. Core earnings, adjusted to exclude volatile factors such as risk costs and financial instrument valuations, reached €129.9 million at year-end, representing a 2.6% decline from 2024. The Bank's balance sheet expanded by 1.1 %, totalling €39.0 billion. All prudential ratios were maintained within required limits, and - as in previous years - there were no reported defaults, risk events, or late payments.

During 2025, the CEB approved 54 new projects amounting to €4.5 billion, an increase in the number of projects from 44 in 2024, for the same total volume. Loan disbursements reached €3.4 billion, compared to €3.6 billion in the prior year. Loans outstanding grew by 2.8% year-on-year, finishing at €23.6 billion at the end of 2025.

On the funding side, the CEB issued 18 bonds across various currencies, totalling €5.9 billion. This included six newly launched Social Inclusion Bonds (SIB), reinforcing the Bank's commitment to social impact on the liability side of the balance sheet.

Despite ongoing financial market challenges, CEB's triple-A credit rating, with a stable outlook, was reaffirmed by leading credit rating agencies: Moody's (19 September 2025), S&P Global (30 July 2025), Fitch Ratings (6 June 2025), and Scope (6 June 2025; unsolicited rating). These positive assessments reflect the Bank's robust capital base, effective management and its expanding mandate and contribution to social value.

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.