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. Since 2016, CAFFIL also refinances credits for large French export contracts, which benefits from the irrevocable and unconditional 100% guarantee of the French State.
September 18 2017
Great success for CAFFIL's new bond issue with a volume of EUR 0.75 billion and a maturity of 10 years
September 7 2017
Financial communication - Publication of the 2017 half-year financial report
August 9 2017
Financial communication - Publication of the Covered Bond Label Report as of June 30, 2017
August 8 2017
Financial communication - Publication of the Report on asset quality as of June 30, 2017
- Cover pool EUR 59.2 billion of which 74.3% eligible to BCE
- Privileged liabilities EUR 52.8 billion
- Over-collateralization ratio (nominal) 112.0%
- Total balance sheet EUR 73.4 billion
- Non-performing loans 0.9%