Loans

The Banque des Territoires at full capacity in 2021

From the loan of 350,000 euros for the renovation of the medical practice in the town of Saint-Ouen-du-Tilleul in the Eure region to the construction of fiber optic infrastructure in Loire-Atlantique by contribution of equity (32 million euros ), the Banque des Territoires, as stated by its managing director, Olivier Sichel, during the presentation of the financial results of the Caisse des dépôts group, on March 24, injected funds in an accelerated manner allocated to the economy.

Of the 26 billion euros in the 2020 and 2024 recovery plan, 60% have been implemented. For the four main pillars (ecological transition, economic development, territorial cohesion and housing and social cohesion), the Banque des Territoires has broken down its interventions (investments and loans) by “territorial trickling” into very diverse sectors: thermal renovation of housing, investments in green energy, electric mobility (financing of 57,820 terminals), investments in industrial buildings, the “tourism” plan supplemented by a “mountain” plan or participation in equity in nearly 70 commercial property companies with local authorities.

Engineering investments, loans…

Called on by the State to support its programs, the Banque des Territoires has made use of its financial tools for Action Coeur de Ville. “As of December 31, 2021, we injected 66 million euros in engineering loans, distributed 830 million euros in loans out of the billion announced and committed 837 million euros in investments. The impact on medium-sized towns is real because the real estate market is picking up,” assures Olivier Sichel. And it gave a boost to the Small Towns of Tomorrow program with support for the recruitment of developing country project managers: 70% are recruited.

Engaged for years in the political districts of the city, the fund distributed, between 2014 and 2020, 10 billion euros in loans and, over the last four years, 250 million in equity investments. A new agreement for the 2021-2023 period provides 225 million in equity support for businesses in these districts. For the “loans to local authorities” activity alone, according to the latest Active Finance barometer, the market share of Banque des Territoires is in free fall. For the director of loans, Kosta Kastrinidis, one billion euros has been distributed to the local public sector with loans allocated to ecological transition, mobility or water infrastructure. A result that could be revised downwards with the increase in the booklet A last February.

In 2021, the group benefited from the rise in the markets

After a year 2020 out of the nails, the 2021 financial results of the Caisse des dépôts group were described as “exceptional” by its managing director, Eric Lombard. Compared to 2019 (2.7 billion euros), the net result almost doubled to 4.6 billion euros. A situation due to the general section which brings together the management of the group’s assets (payment of dividends and shares) or significant reversals of provisions from La Poste. For the Banque des Territoires, which includes notary deposits, loan activity and equity investments (2.2 billion euros for 300 projects), the aggregate result amounts to 513 million euros. “In 2021, we benefited from a stable passbook A rate throughout the year and these exceptional results are also linked to the growth in inflation,” said Eric Lombard.

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