Agence France Locale was granted a banking license on 22 December 2014. It is 100%-owned by French Local authorities. The mission of the agency is to raise cost-efficient resources in capital markets by pooling together the funding needs of all its member local authorities. Agence France Locale aims top provide the French local authorities with alternative funding sources.
AGENCE FRANCE LOCALE participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
AGENCE FRANCE LOCALE is headquartered in LYON.
|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 AGENCE FRANCE LOCALE 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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 AGENCE FRANCE LOCALE is shown in the table below.