Sfil
financial institution in France
Sfil, originally known as Société de financement local, is a French public development bank, founded in February 2013. It is active in local public sector financing and in the financing of major export credits contracts. Created as part of the reorganisation of the Franco-Belgian banking group Dexia, Sfil is wholly owned by the Caisse des dépôts et consignations, with the exception of one share held by the French State.
History
2013-2018; Early history
SFIL (Société de financement local) was created in 2013 following the process of overhauling Dexia, a Franco-Belgian bank. Part of the overhaul included the sale of its toxic loans to SFIL. It obtained an authorisation from the French Prudential Supervision and Resolution Authority, which allowed it to carry out banking activities. Following the introduction of European Banking Supervision in late 2014, it was designated a Significant Institution and is supervised by the European Central Bank.
It also mobilises long-term investors to offer local public entities, healthcare establishments and exporters terms to finance investments deemed essential for France.
In May 2015, the French government directed SFIL to expand its operations to refinancing of major export credit contracts (above 70 million euros) guaranteed by Bpifrance Assurance Export, the export guarantee arm of Bpifrance. The name change from Société de Financement Local to SFIL reflected that expansion of the bank's scope of activity. Also in 2015, the bank made profits for the first time.
“Sfil” enters the record as financial institution in France. Crown Archives preserves that source wording while asking what Sfil, financial and institution can confirm, complicate or overturn.
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“Sfil” is worth following because a concise public description often conceals a longer documentary argument. Here, Sfil, financial and institution provides the most credible route into that argument.
Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Jun 15, 2026. The linked authority identifier is Q19945263. 2 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2013, 2018, 2014 and 2015.
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This entry incorporates text from “Sfil” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.