The Caisse des Dépôts

What The Caisse des Dépôts does

The Caisse des Dépôts is a French public financial institution founded in 1816 and headquartered in Paris, operating under state ownership as a long-term investor serving the general interest. It functions as a unique alliance of public and private economic players, channeling regulated household savings (Livret A, LDDS, LEP) and managing public employee pension schemes (CNRACL, Ircantec) into long-term financing for local authorities, social housing providers, healthcare and education institutions, universities, and territorial development projects. The group is organized around core operating subsidiaries including Banque des Territoires (regional banking), Bpifrance (SME and innovation finance), CNP Assurances (insurance), CDC Habitat (social housing), SFIL (local government finance), Egis (engineering), and minority positions in Transdev, ICADE, CNR, and Compagnie des Alpes.

Its revenue model combines interest income on public-interest lending, fees and investment returns from pension and asset management, insurance premiums through CNP Assurances, and long-term equity investment returns from strategic holdings. Distribution is B2G/B2B-direct through Banque des Territoires and Bpifrance relationship managers, augmented by pan-European cooperation with the EIB Group and other National Promotional Banks. Under its three strategic axes (ecological transformation, sovereignties, social and territorial cohesion), CDC is executing the €18 billion Horizon Numérique 2030 digital plan, the €25 billion 5-year health and aging roadmap, and €300+ billion-class European financing cooperation, while deploying generative AI through partnerships with Mistral AI, Sopra Steria, and Numspot.

Name

The Caisse des Dépôts

Legal name

Groupe Caisse des Dépôts

Website

http://caissedesdepots.fr

Company type

Public

Founded year

1816

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Public Development Finance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs, Urban Planning, and Community Development (9251), Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

SIC

Savings Institutions, Not Federally Chartered (6036), Investors, Nec (6799)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Green/Climate Development Banks & Funds (FSABAKAH)

Keywords

• Public development finance
• Regulated savings management
• Territorial banking services
• Public pension administration
• Ecological transformation lending

Headquarters

HQ city

Paris

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, Marketing or Sales, Others

Revenue model

1. Interest income from public lending: CDC generates revenue primarily through interest income on loans provided to local authorities, social housing providers, healthcare institutions, and public entities. The Savings Fund (Fonds d'épargne) provides the capital base for these lending operations.
2. Pension fund management: Management of public employee pension schemes (CNRACL, Ircantec) providing retirement services to civil servants, generating administrative fees and investment returns.
3. Investment returns: Long-term equity investments in strategic sectors including finance, infrastructure, real estate, and digital technology generate dividend income and capital gains.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

The Caisse des Dépôts is a French state-owned public financial institution that acts as the country's long-term investor in service of the general interest. It manages regulated household savings (Livret A, LDDS, LEP) through the Fonds d'épargne, administers public employee pension schemes (CNRACL, Ircantec), and channels capital into territorial development, ecological transition, social housing, healthcare, education, and digital sovereignty projects via subsidiaries including Banque des Territoires, Bpifrance, CNP Assurances, CDC Habitat, SFIL, Egis, and CDC Biodiversité.

Differentiator

Problem solved

Functional benefit

Brands

• Banque des Territoires: Territorial banking division serving local governments and public institutions
• Mon Compte Formation
• Ma Retraite Publique
• Mon Parcours Handicap
• Ciclade

Products and services

• Banque des Territoires Territorial banking division of the Caisse des Dépôts providing regional lending, development financing, and public-sector banking services to local authorities, social housing operators, healthcare institutions, and universities through dedicated relationship managers and regional offices.
• Bpifrance
• CNP Assurances
• Prêt Transformation Écologique
• Mon Compte Formation
• Ma Retraite Publique
• Mon Parcours Handicap
• Ciclade
• CDC Habitat
• SFIL
• CDC Investissement Immobilier
• CDC Biodiversité
• CDC Croissance
• Egis

Quantifiable outcome

• €670+ million in loans deployed for public interest projects in Normandy in first 5 months of 2026
• +2 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Eight partnerships are on record, tiered strategic, core, flagship and minor.

• NumspotstrategicTechnology or Integration · 2 June 2026CDC commitment alongside Numspot for sovereign and controlled digital services, supporting France's digital sovereignty objectives.
• Mistral AIcoreTechnology or Integration · 4 May 2026CDC group committed to deploying Mistral AI tools to build sovereign, responsible, and trustworthy digital infrastructure. Partnership supports the Horizon Numérique 2030 plan's objective of digital sovereignty through French AI technology.
• Sopra SteriacoreTechnology or Integration · 25 February 2026Contract signed with Sopra Steria for deployment of generative AI tools within the CDC group as part of the Horizon Numérique 2030 digital transformation plan.
• European Investment Bank Group and European promotional institutionsflagshipStrategic or Co-development Partner · 20 February 2026Meeting of leaders from Europe's largest national promotional banks and EIB Group in Munich reaffirmed commitment to boost investment, competitiveness, and resilience. Combined 2025 financing exceeds €300 billion across eight institutions.
• Société pour le logement intermédiaire (SLI)coreStrategic or Co-development PartnerState and CDC agreement transferring SLI assets to CDC for housing and Alpine territory services.
• Autoroutes et tunnel du Mont-Blanc (ATMB)strategicStrategic or Co-development PartnerStrategic asset transfer from French State to CDC as part of Alpine territory development and infrastructure services.
• Banco Português de FomentominorStrategic or Co-development PartnerJoined the security and defence cooperation initiative launched in Warsaw in June 2025 as part of European promotional bank collaboration.
• NRW.BankminorStrategic or Co-development PartnerJoined the security and defence cooperation initiative alongside other European promotional banks.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Bpifrance: French public investment bank majority-owned by CDC, providing SME financing, innovation support, and export credit. Overlaps with CDC's mission on French economic development while operating as a more business-focused subsidiary within the broader group.
• CNP Assurances: Major French life insurance company majority-owned by CDC, providing personal insurance, savings, retirement, and dependency products. Subsidiary peer that brings insurance capabilities to the broader CDC group.
• Société Générale (Public Sector/Institutional Banking): French universal bank with significant public-sector, infrastructure, and housing finance operations. Adjacent incumbent providing overlapping capabilities (municipal lending, project finance) but as part of a broader commercial franchise rather than a public-interest mandate.

Direct peers

• NRW.BANK: Germany's state development bank for North Rhine-Westphalia, financing housing, infrastructure, and municipal projects. Direct peer as a regional promotional bank; explicitly partnered with CDC on the European security and defence cooperation initiative.
• European Investment Bank (EIB): EU's policy-driven long-term lending institution, financing infrastructure, climate, and SME projects across Europe. Direct peer in the Munich-aligned NPBI consortium and the largest comparable supranational promotional lender.
• Banco Português de Fomento: Portugal's national development bank supporting SMEs and strategic investments. Direct peer as a smaller EU member-state promotional bank partnered with CDC in the European NPBI security/defence initiative.
• Instituto de Crédito Oficial (ICO): Spain's state-owned financial institution attached to the Ministry of Economy, channeling financing to businesses, public entities, and strategic sectors. Direct peer as a national promotional bank co-member with CDC in the European NPBI network.
• KfW Group: Germany's state-owned development bank, providing long-term financing for SMEs, housing, infrastructure, and ecological transformation. Co-member with CDC in the European NPBI consortium; comparable in scale, mandate, and subsidiary structure (including KfW Capital for venture/equity).
• Cassa Depositi e Prestiti (CDP): Italy's national promotional bank, established 1850, financing public infrastructure, social housing, and strategic equity investments. Closest functional analog to CDC as a state-owned long-term investment institution supporting general-interest projects.

Regional players

• CDC Group (UK Development Finance Institution): UK's development finance institution investing in private-sector growth across Africa and South Asia. Comparable as a state-backed long-term investment institution, but with a very different geographic mandate (developing markets vs. domestic France).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/caissedesdepots
• YouTubeyoutube.com/channel/UCY5Dvh36sBz8SoLSdw4ddIg
• Facebookfacebook.com/CaissedesDepots
• LinkedInlinkedin.com/company/groupe-caisse-des-dépôts/posts/?feedView=all
• Instagraminstagram.com/caissedesdepots
• TikToktiktok.com/@caissedesdepots

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries16 records

Funding overview

Funding rounds1 record

Investors

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

M&A1 record

Investments32 records

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

Frequently asked questions about The Caisse des Dépôts