Agence France Locale (AFL) is the unique French bank 100% owned by local authorities and dedicated to their financing. The agency was created in 2013 on the initiative of associations of elected representatives and pioneering local authorities, based on the Northern European local government funding agency model. AFL was granted a banking license in 2015 by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) – the French prudential supervisory authority. In 2021, it was granted the status of public-development credit institution.

AFL’s mission is to facilitate local authorities’ access to capital markets, based on their credit quality, to raise funds from investors in attractive conditions. AFL redistributes these funds in the form of traditional bank loans to its shareholders: municipalities of all sizes, EPCIs (groupings of local authorities) with or without their own taxes, territorial public entities, and regions and departments in metropolitan France and its overseas territories.

AFL has a dedicated sustainability bond programme to refinance eligible capital expenses from its local-authority members. In this respect, a dedicated governance and framework has been put in place. The proceeds of sustainable bonds are directed to eligible capital expenses of local-authority members that contribute to achieving UN Sustainable Development Goals.

AFL’s sustainability bond programme is viewed by its shareholders as a very important step in the company’s business life.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMME
Provide access to essential and basic social services, energy and ecological transition, and sustainable infrastructure, development of cities and territorial cohesion.

Investor relations
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www.agence-france-locale.fr/investir-dans-lagence-france-locale