Key figures

    Balance sheet as of 3/31/2020

  • Cover pool 56.8EUR billion See more
  • Bonds and loans to public sector (by country) 54.5 EUR billion See more
  • Bonds and loans to public sector (per type of borrowers) 54.5 EUR billion See more
  • Assets eligible for the central bank refinancing 70.0%
  • Covered bonds 49.9EUR billion See more
  • Regulatory over-collateralization 112.4%
  • Activity 2020

  • Acquisition of loans to French public sector (partnership with LBP) 2.9EUR billion See more
  • Export Refinancings signed by CAFFIL 0.0 EUR billion See more
  • Issued covered bonds 0.77EUR billion See more
  • Cover pool quality as of 12/31/2019

  • Doubtful and litigious loans under French GAAP (% of cover pool) 0.6%
  • Cover pool average risk weighting 6.6%
  • Common Equity Tier 1 Ratio (Bâle III) 23.8%
  • Breakdown of assets (EUR billion; %)

    54.5EUR billion (96%) Bonds and loans to public sector
    0.2 EUR billion (0%) Cash deposit in central bank
    2.1 EUR billion (4%) Replacement assets
  • Breakdown of bonds and loans to public sector by country (EUR billion ; %)

    48.5 (89%) France
    4.4 (8%) Italy
    0.5 (1%) Switzerland
    1.1 (2%) Other countries
  • Breakdown of loans and bonds to public sector per type of borrowers (EUR billion; %)

    42.2 EUR billion (77%) Local governments
    6.1 EUR billion (11%) Public hospitals
    3.3 EUR billion (6%) Sovereigns and other public exposure
    2.9 EUR billion (5%) French Republic (Guaranteed export refinancings)
  • Breakdown of covered bonds per currency

    49.2 (98%) Eur
    0.7 (2%) Other currencies
  • Since the launch of the partnership in 2013, CAFFIL has acquired a total volume of loans amounting to EUR 21.7 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)

    0.75 (97%) Public issues
    0.02 (3%) Private placement

    Issued covered bonds (by maturity)

    97% 0-5 years
    0% 6-9 years
    0% 10-14 years
    3% 15 years and more

    public benchmark issues (per country)

    23% France
    47% Germany and Austria
    0% Benelux
    16% United Kingdom
    6% Notrhern Countries
    0% Asia
    0% Ireland
    3% Switzerland
    3% Spain
    2% Other

    public benchmark issues (by type of investors)

    23% Central banks
    15% Asset Management
    17% Insurance
    45% Banks
    0% Other

Ratings



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