October 23, 2016 9:29 PM ET

Diversified Financial Services

Company Overview of Council of Europe Development Bank

Company Overview

Council of Europe Development Bank, a multilateral development bank, provides various financial services in central and eastern European countries. The company provides loans and guarantees to governments, local or regional authorities, and financial institutions. It offers project financing services in various sectors, including refugees, migrants, and displaced persons; housing for low income persons; improving living conditions in urban and rural areas; natural or ecological disasters; environmental protection; protection and rehabilitation of historic and cultural heritage; educational and vocational training; health; infrastructure of administrative and judicial public services; and sup...

55, avenue Kléber

Paris,  75116


Founded in 1956

196 Employees


33 1 47 55 55 00


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: 72
Head of the Secretariat - Partial Agreement
Executive Secretary
Compensation as of Fiscal Year 2016.

Council of Europe Development Bank Key Developments

Council of Europe Development Bank Announces Executive Appointments

The governing board of the Council of Europe Development Bank appointed Rosa María Sánchez-Yebra Alonso to the post of vice-governor for social development strategy and Hakan Tokaç to the post of vice-governor for target group countries. Ms. Sánchez-Yebra Alonso, a Spanish national, has held numerous senior posts in Spain’s public administration, including as director general of the ministry of economy and competitiveness, and is currently serving as secretary general of the treasury and financial policy. Ms. Sánchez-Yebra Alonso will take up her new post on December 18, 2016 for a five-year term. She will be succeeding Mr. Apolonio Ruiz-Ligero, who is completing his term in office as vice-governor for social development strategy on December 17, 2016. Mr. Tokaç, a Turkish national, has been a senior government official in Turkey for over 20 years and is currently serving as director general for foreign economic relations at the Turkish Treasury. Mr. Tokaç will begin his five-year term in office on 16 August 2016.

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%.

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