Investor Presentaiton
Crédit Logement/Mutual Guarantee Fund (MGF)
Crédit Logement is a market leader on the French residential property
market.
It guarantees home loans, in the form of a joint and several guarantee
that protects the lender against borrower default.
In 2022, almost 346 519 property transactions were covered by a Crédit
Logement guarantee, allowing them to finance their property purchase
without a mortgage. (-23.3% of production vs. 2021 as home loan market
is declining)
51% of LBP Home loans are guaranteed by Crédit Logement
Crédit Logement
Outstanding guarantees at the end of 2022: €429.7bn (+3,9% / 2021)
corresponding to 3,444,338 loans
Long-term rating (Aa3/stable by Moody's and AA/low stable by DBRS)
Backed by the French banking system in the last resort
Mutual Guarantee Fund (MGF):
-
The Crédit Logement financial guarantee is based on the principle of
pooling risk, with each borrower contributing to a Mutual Guarantee
Fund (MGF):
The MGF provides the funds to repay the bank in case the borrower
defaults
MGF: €6.9bn at the end of 2022
INVESTOR PRESENTATION - SEPTEMBER 2023
CRÉDIT LOGEMENT OWNERSHIP STRUCTURE
-
-
HSBC Continental Europe Others
17% BNP Paribas
La Banque Postale
Société Générale
Crédit Foncier
6%
17%
7%
3%
Groupe BPCE
9%
10%
Crédit Mutuel/CIC
16%
16%
Crédit Agricole
LCL
CREDIT LOGEMENT GUARANTEE:
ADVANTAGES FOR LBP
No cost involved and automatic process to obtain the guarantee
approval
Excellent risk control (a second risk review and dynamic
benchmark)
Full and rapid compensation when a guaranteed loan is in default
Recovery process fully managed by Crédit Logement
Guaranteed home loans eligible to refinancing via SFH
LA
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BANQUE
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