As part of the duties entrusted by law to Caisse des Dépôts, the Savings Funds centralise and manage 59.5% of the French population's regulated savings which it converts into very long-term loans, sometimes of up to 80 years. As a priority, these loans are used to finance social housing, urban planing and local authority public interest projects.
This financing is offered on the same terms to all borrowers, and is designed to meet everyone’s needs, including those of social housing providers as well as local authorities of all sizes. The interest rate varies solely according to the ecological and social nature of the project.
We prioritise the financing of social housing, urban planning and local authority public interest projects.
€370bn
deposited in regulated savings accounts centralised by Caisse des Dépôts
€202bn
in long-term loans for sustainable public interest projects
€209bn
in financial assets serving businesses and the economy
The share of these savings that is not earmarked for loans is invested in financial assets in order to contribute to savers' interest and ensure the liquidity of their deposits, while financing the economy. The Savings Funds must consistently find a balance between two priorities: securing and achieving returns on savings, and financing public interest programmes at the lowest possible cost.
The remaining 40.5% of regulated savings are managed by banking institutions, according to their legal obligations (for LDDS, SME and Ecological and Energy Transformation savings accounts).
These banks are also paid commission by Caisse des Dépôts in return for collecting savings centralised at the level of the Public Institution.
The portfolios are mainly made up of fixed-income assets (treasury bonds and securities), with an equity component to improve the profitability of investments over time. The returns generated by these investments enable lower rates to be offered for the most ambitious projects, and are added back to the Savings Funds' equity to ensure the system remains robust.
Useful and responsible management of French people’s savings
The portion of French people’s savings entrusted to the Savings Funds is managed in a fully responsible way, to benefit social housing, urban planning, public interest projects and the ecological and energy transformation.
The Savings Funds’ financial portfolio is managed in accordance with the Caisse des Dépôts Group's Responsible Finance, Climate and Biodiversity charters (insert links to these documents).
These charters are implemented through sector-specific policies (particularly on fossil fuels), exclusion and shareholder engagement policies, as well as targets for massively reducing the Group's carbon footprint. This responsible commitment is taken a step further through the use of funds collected via the Livret de Développement Durable et Solidaire. Since 2017, every euro collected and centralised at Caisse des Dépôts has been directed to financing the ecological and energy transformation.
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