Agence France Locale

Name

Agence France Locale

Legal name

Agence France Locale

Website

https://agence-france-locale.fr

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Public Development Banking

NAICS

Commercial Banking (522110)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)

akta.pro secondary industries

Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF), International Monetary & Financial Stability Institutions (BPADACAE)

Keywords

• Public development banking
• Local government financing
• Sustainable bond issuance
• Cooperative banking services
• Public sector lending

Headquarters

HQ city

Lyon

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Interest Income from Loans: AFL raises funds on capital markets by issuing bonds and sustainability bonds, then on-lends to French local authorities at competitive rates. The spread between funding costs and lending rates generates revenue. AFL only finances capital expenditures of its shareholder-members.
2. Sustainable Bond Issuance: AFL issues sustainability bonds (500M euro in July 2020, 700M in January 2022, and 500M in October 2024) to refinance investments made by regional authorities supporting UN SDGs. These bonds are offered to French and international investors.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Agence France Locale (AFL) is a French public development bank that provides medium and long-term loans (average maturity 18 years) exclusively to its shareholder local authorities for public capital investments. AFL raises funds by issuing bonds and sustainability bonds on capital markets and on-lends to members at competitive rates, while also providing advisory expertise through financial health barometers and sustainable finance guidance.

Product overview

Agence France Locale (AFL) is a public development credit institution that operates as a single, unified banking platform. AFL's core offering consists of medium and long-term loans to French local authorities (average maturity of 18 years) and sustainable bond issuances to refinance local government capital investments supporting the UN's Sustainable Development Goals. The institution also provides a banking portal for loan monitoring, electronic contract signing, and advisory services including financial health barometers and sustainable finance expertise. AFL does not offer structured products, ESG loans, or fossil fuel financing.

Differentiator

Problem solved

Functional benefit

Products and services

• Medium and Long-Term Loans
• Sustainability Bonds
• Banking Portal for Local Authorities
• Electronic Signature of Credit Contracts
• Financial Health Barometers and Advisory

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

17 partnerships are on record, tiered core and major.

• Société GénéralecoreStrategic or Co-development Partner · 15 July 2026Entered into agreement for takeover of escrow account management duties, effective July 15, 2026.
• Crédit Agricole CIBcoreStrategic or Co-development Partner · 29 June 2026Served as advisor for AFL's update to its ESG bond issuance framework document, aligning it with ICMA's Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines.
• GE Capital Global Holdings, LLCcoreStrategic or Co-development Partner · 1 April 2026AFL announced signing of agreement to acquire GE SCF S.A., a French mortgage credit company (société de crédit foncier) that issues covered bonds. The acquisition aims to diversify AFL's refinancing tools and broaden its investor base.
• ADEME (Agence de l'Environnement et de la Maîtrise de l'Énergie)majorStrategic or Co-development PartnerReference partner in sustainable development. ADEME supports AFL's expertise offerings on energy transition and ecological transition topics for local authorities.
• CEREMA (Centre d'études et d'expertise sur les risques, l'environnement, la mobilité et l'aménagement)majorStrategic or Co-development PartnerReference partner providing expertise on climate adaptation, environmental risks, mobility, and territorial development supporting AFL's mission to local authorities.
• CNFPT (Centre National de la Fonction Publique Territoriale)majorStrategic or Co-development PartnerPartnership for professional development and training of territorial civil servants, supporting AFL's knowledge sharing mission.
• EAPB (European Association of Public Banks)majorStrategic or Co-development PartnerAFL is an active member of EAPB and participates in discussions with European institutions on major issues. In June 2024, AFL's Chairman was elected to the EAPB Board of Directors. Registered in EU Transparency Register.
• I4CE (Institute for Climate Economics)coreStrategic or Co-development PartnerReference partner in sustainable development providing expertise in climate economics. Contributes to studies on financing the ecological transition for local authorities.
• Comité 21coreStrategic or Co-development PartnerPartnership with the French Committee for Earth Summit (Comité 21) which federates actors committed to sustainable development in France since 1995.
• AMRF (Association des Maires Ruraux de France)majorChannel Partner/ Reseller/ DistributorAssociation representing rural mayors in France. Partnership to promote cooperation and reach rural local authorities.
• ANPP (Association des Nationale des Pôles d'Équilibre Territoriaux et des Pays)majorChannel Partner/ Reseller/ DistributorPartnership with association of territorial balance poles and countries, promoting cooperation in French territories.
• SNDGCT (Syndicat National des Directeurs Généraux des Collectivités Territoriales)majorChannel Partner/ Reseller/ DistributorPartnership with national union of general directors of territorial collectivities, providing expertise and information sharing.
• AMF (Association des Maires de France)majorChannel Partner/ Reseller/ DistributorAssociation of Mayors of France, representing all mayors of French municipalities. Key partnership for reaching municipal local authorities.
• Intercommunalités de FrancemajorChannel Partner/ Reseller/ DistributorPartnership with the national association representing intermunicipal cooperation structures in France.
• APVF (Association des Petites Villes de France)coreChannel Partner/ Reseller/ DistributorPartnership with association representing small towns in France, including joint barometer publication on small town financial health.
• France UrbainemajorChannel Partner/ Reseller/ DistributorAssociation of urban local authorities representing metropolitan areas and major cities in France.
• ANCT (Agence Nationale de la Cohésion des Territoires)majorStrategic or Co-development PartnerPartnership with French National Agency for Territorial Cohesion, supporting small town development programs including 'Petites Villes de Demain'.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• NRW.BANK: German state development bank of North Rhine-Westphalia providing public-sector financing, promotional lending, and capital markets services to municipalities in Germany's largest state - a comparable public-sector lender with cooperative-style ownership.
• SFIL: French public development bank that refinances loans to French local authorities and public hospitals via covered bonds. AFL's closest French competitor, sharing both the public-sector lending focus and the public-ownership DNA.
• Kommuninvest: Swedish cooperative society owned by Swedish municipalities, providing green and conventional funding to the local government sector. This is the original Nordic cooperative model that inspired AFL's creation in 2013.
• MuniFin: Finnish municipal finance company wholly owned by Finnish municipalities, financing sustainable municipal investment via capital markets. Closely mirrors AFL's cooperative ownership and capital-markets-funded lending model.
• KommuneKredit: Danish association providing loans and guarantees to Danish municipalities and regions. Operates a similar member-owned model to AFL, with bonds as the primary funding source.

Broad incumbents

• Dexia: Franco-Belgian bank historically focused on public-sector finance and local-authority lending, though downsized post-2011 European sovereign crisis. Overlaps with AFL in the French local-authority market but operates at much larger scale with broader mandate.
• La Banque Postale: French bank with a dedicated public-sector banking division serving communes, départements, régions, and public hospitals. A much larger competitor with broader product capabilities (deposits, treasury, structured products) than AFL.
• Bpifrance: French public investment bank providing financing, guarantees, and equity to businesses and public entities. While primarily SME-focused, it occasionally intersects with AFL on larger infrastructure and territorial development projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AgenceFRLocale
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/agence-france-locale

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agence France Locale