Council Of Europe Development Bank
Paris, France| Invested through / Financed by |
|
|---|---|
| Asset class | Corporate bonds |
| Impact strategy | Impact Equities and Bonds |
| Sector | Development Cooperation |
| ISIN code | XS1799045197 |
| Industry group | Specialized Finance |
| Sustainable Development Goals (SDGs) |
The Council of Europe Development Bank is a multilateral development bank active in Europe. It promotes the principle and mission of the Council of Europe through its mission of actively promoting social cohesion and strengthening social integration in Europe. The main activity of the Council of Europe Development Bank is to provide financing and technical expertise for projects with a high social impact in its member states. It grants low-cost loans to finance social projects for governments, local or regional authorities, and public or private financial institutions. The bank was established in 1956 by 8 members of the Council of Europe and currently the bank has 42 shareholders which are all member states of the Council of Europe. The bank is headquartered in Paris.
Investment rationale
The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate. Through the provision of financing and technical expertise for projects with a high social impact in its member states, it actively promotes social cohesion and strengthens social integration in Europe.
The bank is actively involved in the financing of projects to support financially disadvantaged people and economically underdeveloped regions and finances projects such as migrant and refugee crisis response and long-term integration, access to social and affordable housing, improvement of living conditions and social welfare, MSME financing and environment and climate action.