CREDIT FONCIER DE FRANCE

Crédit Foncier de France is a French specialized mortgage lender established in 1852 and, since the creation of Groupe BPCE in 2009, a subsidiary of BPCE; following a strategic decision announced in 2018, it stopped originating new loans and entered a run-off phase, with origination capabilities and certain teams integrated into the Banques Populaires and Caisses d’Epargne networks, while Crédit Foncier continues to service its existing loan book and manage related funding vehicles. Historically it focused on housing and real estate finance in France, including home loans for individuals and financing for real estate professionals and social housing operators, alongside valuation and related advisory services; it did not operate as a retail deposit taker and relied largely on capital markets funding, notably covered bonds issued via its société de crédit foncier, Compagnie de Financement Foncier, under the French legal framework for obligations foncières. Existing borrowers remain serviced under contractual terms, with standard processes for amortization, customer support, and early repayment where applicable, while prospective borrowers are redirected to other BPCE entities. The institution is supervised within the French and European prudential framework through BPCE, and its covered-bond vehicle maintains segregated collateral in line with statutory requirements. Current public financial communication centers on the back book’s performance, asset quality, and funding profile as the portfolio amortizes, making Crédit Foncier primarily relevant today for legacy loan management rather than new product distribution, and any comparison with active mortgage providers should factor in its run-off status and operational integration within BPCE.