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July 29, 2015 5:18 PM ET

Diversified Financial Services

Company Overview of Council of Europe Development Bank

Company Overview

Council of Europe Development Bank operates as a multilateral development bank that provides various financial services to 41 member states in Europe. It grants loans to finance social projects corresponding to various sectoral, geographic, social, and financial criteria for governments, local or regional authorities, and public or private financial institutions. The company finances to various projects in housing for low-income persons; creation and preservation of viable jobs; improvement of living conditions in urban and rural areas; natural or ecological disasters; protection of the environment; and protection and rehabilitation of historic and cultural heritage, as well as finances refu...

55, avenue Kléber

Paris,  75116

France

Founded in 1956

187 Employees

Phone:

33 1 47 55 55 00

Fax:

33 1 47 55 03 38

Key Executives for Council of Europe Development Bank

Governor, Chairman of Alm Committee, Chairman of Finance Committee, Chairman of Funding Committee, Chairman of Risk Committee, Chairman of Committee for Organisation & Operational Risks (Coro) and Chairman of IT Steering Committee
Chief Financial Officer
Vice-Governor of Social Development Strategy
Age: 71
Vice Governor of Financial Strategy
Age: 69
Vice Governor of Target Group Countries
Compensation as of Fiscal Year 2015.

Council of Europe Development Bank Key Developments

Council of Europe Development Bank Announces Unaudited Earnings Results for the Year 2014

Council of Europe Development Bank announced unaudited earnings results for the year 2014. For the year, the bank's net profit reached a record high of €134.4 million, compared to €111.3 million in 2013. This is mainly due to the increase in the net interest margin (€6 million) as well as the positive impact of the financial instruments at fair value through profit and loss (IAS 39) (€7 million) and the positive development of general operating expenses (€10 million), of which €7.7 million related to post-employment benefits (adjustment related to cost for medical coverage). Excluding special items, core earnings amounted to €127.4 million in 2014 compared to €123.0 million in 2013, an increase of 3.6%.

Council of Europe Development Bank Announces Earnings Results for the Half Year Ended June 30, 2014

Council of Europe Development Bank announced earnings results for the half year ended June 30, 2014. For the period, the company reported net profit of EUR 60 million against EUR 61 million a year ago.

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