Key figures

    Balance sheet as of 9/30/2020

  • Cover pool 57.1EUR billion See more
  • Bonds and loans to public sector (by country) 54.9EUR billion See more
  • Bonds and loans to public sector (per type of borrowers) 54.9EUR billion See more
  • Assets eligible for the central bank refinancing 70.2%
  • Covered bonds 50.5EUR billion See more
  • Regulatory over-collateralization 111.9%
  • Activity 2020

  • Acquisition of loans to French public sector (partnership with LBP) 3.7EUR billion See more
  • Export Refinancings signed by CAFFIL 0.0 EUR billion See more
  • Issued covered bonds 4.7EUR billion See more
  • Cover pool quality as of 6/30/2020

  • Doubtful and litigious loans under French GAAP (% of cover pool) 0.5%
  • Cover pool average risk weighting 5.3%
  • Common Equity Tier 1 Ratio (Bâle III) 29.0%
  • Breakdown of assets (EUR billion; %)

    54.9 EUR billion (96%) Bonds and loans to public sector
    0.6 EUR billion (1%) Cash deposit in central bank
    1.6 EUR billion (3%) Replacement assets
  • Breakdown of bonds and loans to public sector by country (EUR billion ; %)

    49.2 (90%) France
    4.3 (8%) Italy
    0.4 (1%) Switzerland
    1.0 (2%) Other countries
  • Breakdown of loans and bonds to public sector per type of borrowers (EUR billion; %)

    42.1 EUR billion (77%) Local governments
    6.0 EUR billion (11%) Public hospitals
    3.4 EUR billion (6%) Sovereigns and other public exposure
    3.4 EUR billion (6%) French Republic (Guaranteed export refinancings)
  • Breakdown of covered bonds per currency

    49.8 (99%) Eur
    0.7 (1%) Other currencies
  • Since the launch of the partnership in 2013, CAFFIL has acquired a total volume of loans amounting to EUR 23.6 billion.


  • Since the launch of this role in mid-2015, CAFFIL has granted refinancing loans to SFIL for a total volume of EUR 8.1 billion.


  • Issued covered bonds (by type of issuance)

    4.700 (99%) Public issues
    0.047 (1%) Private placement

    Issued covered bonds (by maturity)

    21% 0-5 years
    35% 6-9 years
    27% 10-14 years
    17% 15 years and more

    public benchmark issues (per country)

    29% France
    40% Germany and Austria
    3% Benelux
    10% United Kingdom
    1% Asia
    8% Northern Countries
    3% Italy
    1% Ireland
    3% Switzerland
    1% Spain
    1% Other

    public benchmark issues (by type of investors)

    28% Central banks
    16% Asset Management
    4% Insurance
    52% Banks
    0% Other

Ratings



  • Moody's
    Aaa
    Outlook stable
  • S&P
    AA+
    Outlook stable
  • DBRS
    AAA
    Outlook stable
Rating