Key figures

    SFIL & Caffil

  • Balance sheet and results 2018 En savoir +
  • Ratings En savoir +
  • SFIL

  • % Shareholding structure of SFIL En savoir +
  • Benchmark En savoir +
  • Staff En savoir +
  • Export refinancing (April 2019) En savoir +
  • Caffil

  • 2018 Funding program (CAFFIL) En savoir +
  • Overview of Caffil’s outstanding loans En savoir +
  • Balance sheet and results 2018

    SFIL
    Total balance sheet (EUR million)
    • 78 937
      2016
    • 72 432
      2017
    • 72 722
      2018
    Net profit (EUR million)
    • + 18
      2016
    • + 54
      2017
    • + 63
      2018
    Caffil
    Total balance sheet (EUR million)
    • 75 107
      2016
    • 68 777
      2017
    • 69 056
      2018
    Net profit (EUR million)
    • + 10
      2016
    • + 41
      2017
    • + 62
      2018
    Cover pool (EUR billion)
    • 58,2
      2016
    • 55,8
      2017
    • 56,9
      2018
    Covered bonds (EUR billion)
    • 50,4
      2016
    • 49,0
      2017
    • 50,3
      2018
    Overcollateralization
    • 11,9 %
      2016
    • 11,6 %
      2017
    • 11,5 %
      2018
  • Ratings

    SFIL
    Moody’s
    • Aa3
    S&P
    • AA
    DBRS
    • AA (high)
    French government
    Moody’s
    • Aa2*
    S&P
    • AA
    DBRS
    • AAA
    Caffil
    Moody’s
    • Aaa
    S&P
    • AA+
    DBRS
    • AAA
  • Shareholding structure of SFIL

    Shareholding structure of SFIL %

    75% French government
    20% Caisse des Dépôts et Consignations (CDC)
    5% La Banque Postale (LBP)
  • Benchmark

    > 3 benchmark euro issues made since 2016, each for €1 billion
    > 1 benchmark dollar issue made in June 2017 for $1 billion, with a 3-year maturity
    > Broad, diverse demand from investors reflecting their trust of the SFIL brand


    By country

    22% France
    16% Germany & Austria
    16% UK & Ireland
    10% Asia
    10% Middle East / Africa
    6% Benelux
    3% Scandinavia
    17% Others

    By investors

    40% Banks
    29% Asset managers
    28% Central Banks
    2% Insurance
    1% Others
  • Staff

    388 employees based in Paris and Lyon.


  • Export refinancing (April 2019)

    • 25 bank partners
    • 7,4 bn € refinancing projects (since 2016)
    • 12 transactions completed (since 2016)

  • 2018 Funding program (CAFFIL)


    Issuance by format (EUR billion)

    0.8 (EUR billion) (16%) Private placement
    4.1 (EUR billion) (84%) Public issuance

    Issuance by maturity

    5% 0-5 years
    24% 6-9 years
    37% 10-14 years
    34% 15 years and over
  • Overview of Caffil’s outstanding loans

    Breakdown of assets (EUR billion; %)

    52,8 bn € (93%) Bonds and loans to public sector
    1,3 bn € (2%) Cash deposit in central bank
    2,8 bn € (5%) Replacement assets

    Breakdown of bonds and loans to public sector by country

    46,1 bn € (87%) France
    4,7 bn € (9%) Italy
    0,7 bn € (1%) Switzerland
    1,4 bn € (3%) Other countries