Established in 2013, SFIL (formerly Société de financement local) is a public development bank, aimed on guaranteeing stability in local public sector financing in France.
SFIL is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
SFIL participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
SFIL is headquartered in ISSY LES MOULINEAUX CEDEX 9.
|- (not rated)||Aa3 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. SFIL is rated by Moody's.
Credit ratings assigned to SFIL as of May 2018 are shown in details in the following sections.
Long-term rating for SFIL it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aa3|
|Baseline Credit Assessment||a3|
Outlook for the ratings of SFIL is set to positive (may be raised).
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in France are obliged to participate in French deposit guarantee scheme.
In the case of SFIL failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)|
|Covered Currencies||all currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of SFIL and its components are shown in the table below.
|Bank BIC Code||SFIL|
|Country Code||FR (France)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of SFIL is shown in the table below.
Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.
|Bank Sort Code||16588|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.