SFIL Group is a public development Bank as defined by European Union regulations with two public policy missions:
- provide long dated funding to the French local public sector
- Refinance large export loans guaranteed by the French State as part of a new public export credit scheme
The French State as reference shareholder is committed to ensure SFIL is able to pursue its activity in an ongoing manner and honor its financial commitments.
Debt issued by SFIL is classified as Level 1 under Article 10.1.(e) of the LCR delegated Act
CAFFIL is the leading European public sector covered bond issuer with EUR 50 billion in outstanding covered bondsWith total issuance close to EUR 7 billion in 2018 SFIL Group is the second French public sector issuer after the French Republic