Investor Presentaiton
A Responsible Structure and Governance
The governance of AFL Group is based on a two-tier structure (AFL-ST and AFL) with the objective to:
Prevent conflict of interests between shareholders and borrowers
Provide risk weighted lending to the borrowers
Ensure accountability from stakeholders
Have a decision-making process based on adequate checks and balances
AFL -ST
The financial holding
company
Shareholder base
Mission
Governance
Fully-owned by member local
authorities
• Setting of strategic guidelines
• Nomination of the Supervisory Board
members
• Management of the guarantee
system
• General shareholders meeting
Board of Directors: representation of
shareholders members
• Managing Director
2
AFL
The credit institution
More than 99.99% of the capital owned
by AFL -ST
Fund-raising via capital markets
• Granting credit to local authorities
• Supervisory Board: Majority of
independent members.
♥ Executive Board made of
professional bankers only.
13
CAFL
Lo bonque
des collectivitésView entire presentation