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.
18 April 2018
Successful new CAFFIL 10-year transaction
30 March 2018
Financial communication – Caisse Française de Financement Local published today its annual financial report 2017
13 February 2018
Financial communication – Publication of the Report on asset quality as of December 31, 2017
9 February 2018
Caisse Française de Financement Local publishes its harmonised European Covered Bond Label report.
- Cover Pool EUR 55.8 billion of which 75.3% eligible to ECB
- Obligations foncières EUR 49.0 billion
- Regulatory Over-collateralization ratio 111.6%
- Non-performing loans 1.0%
- Total balance sheet EUR 68.8 billion