The municipal credit union budget comprises an operating section and an endowment section. Each section is divided into chapters and articles. The operating section shows the institution’s income and expenditure, including annual allocations to depreciation and provisions. The endowment section presents, under income and expenditure, all transactions relating to the endowment of the establishment.
The budget of the municipal credit unions is accompanied by an estimate of financial transactions which group these transactions, according to their purpose, under three headings: 1° Loan transactions ; 2° Means of financing ; 3° Use of available funds.
The provisions of decree no. 64-1183 of 27 November 1964 relating to the replacement or reimbursement of damaged, destroyed, lost or stolen government bonds apply to savings bonds issued by municipal credit unions.
The caisse de garantie du logement locatif social carries out a permanent mission of public interest within the meaning of Article L. 511-104. It may carry out credit transactions relating to this mission under the conditions set out in the chapitre II du titre V du livre IV du code de la construction et de l’habitation.
French joint stock companies, known as sociétés de développement régional, contribute to the financing of companies located in France in the form of equity holdings. These companies are authorised to grant loans of five years or more to companies, regardless of their legal form, under conditions set by the Minister for the Economy; they may also guarantee loans of two years or more taken out by these companies. They are…
The competent authority referred to in the last paragraph of article R. 515-3 is the Minister for the Economy.
The Agence française de développement, hereinafter referred to as “the Agency”, carries out a permanent public interest mission within the meaning of Article L. 511-104. It may carry out banking operations relating to this mission under the conditions defined by this section.
The Agency is a State-owned industrial and commercial public body, the tasks and organisation of which are set out in this section. Its mission is to carry out financial operations of all kinds with a view to : a) Contribute to the implementation of the State’s development aid policy abroad; b) Contribute to the development of the overseas departments and collectivities and New Caledonia. To this end, it finances development…
The Minister for Cooperation chairs a Strategic Orientation Council made up of the State representatives on the Board of Directors. The Minister may invite the Chairman of the Board of Directors and the Chief Executive Officer of the Agency to attend. The Strategic Orientation Board coordinates the preparation by the State of the contract of objectives and resources binding the agency to the State and monitors its implementation. Before they…
The agency’s aid may be granted in the form of loans, advances, equity investments, guarantees, donations or any other form of financial assistance. These loans may be granted to governments, international organisations, public or private legal entities, in particular non-governmental organisations involved in development, or individuals.
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is a Registered Trademark of
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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