01 October 2020

SFIL: the major public financial pole led by Caisse des Dépôts completed

Caisse des Dépôts SFIL Bancaire

The French State, Caisse des Dépôts and La Banque Postale have finalized the purchase by Caisse des Dépôts of the whole State's stake in SFIL (75%)* and of the whole La Banque Postale's stake (5%). Caisse des Dépôts, which previously held 20% of SFIL's capital, thus becomes SFIL's new reference shareholder.

This transaction will strengthen the major public financial pole serving the regions around Caisse des Dépôts by associating it with SFIL, a public development bank, France's seventh-largest bank in terms of balance sheet size and Europe's leading issuer of public sector covered bonds.

SFIL's shareholding remains entirely public: its shareholders will continue to ensure that its financial strength is preserved and its economic base protected in accordance with applicable regulations. La Banque Postale is renewing its partnership with SFIL for the marketing of medium and long-term loans to local authorities and public hospitals until the end of 2026.

 

Read the press release (in French)

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