CAFFIL, Caisse Française de Financement Local, is a covered bond issuer whose portfolio of assets only comprises loans granted to public sector entities. It is fully owned by SFIL, a French state-owned development bank.
Caisse Française de Financement Local (also referred to as CAFFIL) is a French specialized credit institution (société de crédit foncier). Its sole business is the refinancing of credits to public sector entities through the issue of covered bonds, called obligations foncières.
Since it was set up in February 2013, CAFFIL is in charge of financing credits to French local authorities granted by La Banque Postale. From 2015, CAFFIL will also refinance credits for large French export contracts, which benefits from the irrevocable and unconditional 100% guarantee of the French State.
March 30 2017
Financial communication - Publication of the annual financial report 2016
February 14 2017
Financial communication - Publication of the Covered Bond Label report as of December 31, 2016
February 13 2017
Financial communication - Publication of the Report on asset quality as of December 31, 2016
January 3 2017
First public transaction of the year for CAFFIL: EUR 1.5 billion with a maturity of 10 years
- Cover pool EUR 58.2 billion of which 73.8% eligible to BCE
- Privileged liabilities EUR 51.7 billion
- Over-collateralization ratio (nominal) 112.7%
- Total balance sheet EUR 75.1 billion
- Non-performing loans 1.0%