Eleven years after its creation, Sfil announces that it has financed more than €50bn in loans to the local public sector, including €45bn to local authorities. Since 2015, Sfil has been the leading financier of the local public sector with its partners La Banque Postale and La Banque des Territoires. An indispensable ally of local authorities, it ensures them financing conditions on long maturities and at a competitive cost.
Crossing this threshold of 50bn euros in loans to the local public sector is a source of pride for the entire Sfil team. This means that we are not only succeeding in implementing our purpose, financing a sustainable future, but also that our mandate as a public development bank is widely convincing. By 2030, local authorities will need to invest up to 21bn euros per year to adapt to climate change and reduce their greenhouse gas emissions. They know that, whatever the market conditions, Sfil is a stable and resilient player, capable of ensuring them access to financing tailored to their priorities.
Philippe Mills, CEO of Sfil
Sfil has strengthened action to support the local challenges of the ecological transition. Its range of green loans and social loans, respectively launched in 2019 and 2022, now occupy an important and growing place in its portfolio: in 2023, green and social loans to local communities and health loans accounted for 43% of the production.
To learn more, read the press release (in French)
On 10 July, the Sfil Group launched its 1st green issue of the year (the 6th one since 2019) for an amount of €1.25bn and a maturity of 5 years. With an order book reaching €4.3bn, or an oversubscription rate of 3.4, the transaction was a great success among investors, with a total of 110 participating. This is the largest ESG* transaction of the Group. It will finance green investments in the local French public sector, but also, for the first time, French export contracts in the field of renewable energies, territorial mobility and clean transportation. To find out more, read the press release.