Investor Presentaiton
CRÉDIT LOGEMENT / MUTUAL GUARANTEE FUND (MGF)
Crédit Logement is a market leader on the French residential property
market, guaranteeing 1 in 3 home loans.
It guarantees home loans, in the form of a joint and several guarantee
that protects the lender against borrower default.
In 2020, more than 400,000 homebuyers were covered by a Crédit
Logement guarantee, allowing them to finance their property purchase
without a mortgage.
Crédit Logement
Outstanding guarantees: €390.4bn corresponding to 3,428,013 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: €6.4bn at the end of 2020
CRÉDIT LOGEMENT OWNERSHIP STRUCTURE
YE 2020
HSBC Continental Europe Others
SF2 - Groupe
Société Générale/
La Banque Postale
0%
Crédit du Nord
Crédit Foncier
7% 6%
17%
3%
Groupe BPCE
9%
17% BNP Paribas
10%
Crédit Mutuel / CIC
16%
16%
Crédit Agricole
LCL
CRÉDIT LOGEMENT 2020 ANNUAL REPORT
"The year 2020, with €98bn in guarantee agreements delivered, presents
a very respectable result. It is obviously not comparable to the
exceptional €127bn of 2019, but far from the first forecasts of market
collapse made by some, and finally quite close to the 106 billion of 2018."
LA
BANQUE
POSTALE
Investor presentation / December 2021
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