2019 Results and activity of AFL Group underline the robustness and appeal of its model

Following the Supervisory Board meetings of Agence France Locale and the Board Meeting of Agence France Locale – Société Territoriale held on March 26, 2020, which took place under the chairmanship of Jacques Pélissard, AFL Group published its annual report for 2019.

The results as of December 31, 2019 confirm that the continued growth of the local authority bank is driven by further expansion in credit activity and a steady pace of new local authority memberships. Gross operating income amounted to -€503 thousand for net banking income of €11,106 thousand.

Find our press release here.

Find AFL 2019 Annual report here.

Find AFL ST 2019 Annual report [FR] here.