Set up in 1956, the CEB is the oldest multilateral financial institution in Europe and the only one with an exclusively social mandate. The CEB is a development bank with 40 member states—including 18 Central and Eastern European countries. Since its inception, the Bank has granted over 26 billion euros in loans. One of the CEB’s priority lines of action is assistance to victims of natural and ecological disasters. Over the past 10 years the CEB has financed projects for over 2 billion euros in the natural disaster sector alone. In 2007, the Bank approved 35 projects for a total of 2.44 billion euros, of which about 400 million for natural disasters mitigation, rehabilitation and prevention.