Attractive financing
for rolling stock

Our Services

EUROFIMA's has a non-profit mission to support the development of public passenger rail transportation in Europe and to support the railway bodies which are its shareholders in renewing and modernizing their equipment.

 

ATTRACTIVE
LOANS

 

LEAN LOAN DOCUMENTATION

 

MEMBERSHIP COOPERATIVE MODEL

EUROFIMA finances railway equipment through borrowings or equity capital. EUROFIMA secures title to or obtains security interests deemed equivalent (in particular pledges) on or in respect of equipment.

EUROFIMA’s equity is primarily used for investments in liquid assets and, to a limited extent, for equipment financing contracts.

Approval Process

EUROFIMA’s core activity and public mission consist of supporting the development of public passenger rail transportation in Europe by providing its shareholders, 25 national railway operators, and other railway bodies with cost-effective financing to renew and modernize their railway equipment. The eligibility criteria and general procedures for granting this support are outlined in EUROFIMA’s constitutive documents (Basic Agreement, Convention, Statutes) as well as in its Internal Policy Guide.

The conservative lending policy paired with the various layers of support granted in the constitutive documents result in a high-quality and resilient loan portfolio, which has never suffered a loss in the entire history of EUROFIMA.

Requests for financing from railway operators are evaluated through a thorough approval process consisting of three phases:

INTERNAL DUE DILIGENCE

EUROFIMA’s internal teams appraise the economic, financial, legal and technical aspects of each railway project and evaluate any potential risk related to it. Particular emphasis is put on the technical and economic evaluation of the rolling stock which collateralizes the requested financing. If necessary, external consultants are involved to support the internal due diligence.

APPROVAL FROM GOVERNING BODIES

The General Assembly sets the amounts which can be borrowed and subsequently used for lending purposes. The Board of Directors approves the financing requests

MONITORING

Upon conclusion of the financing, EUROFIMA monitors the implementation of the railway project, the status of rolling stock collateral and any systemic risk that may deteriorate its position as lender.

Making an
impact

3000

LOANS

200.000

ROLLING STOCK FINANCED

90 billion

FINANCED IN CHF

0

LOAN LOSSES

4.2

LEVERAGE RATIO

51.9%

BASEL III RATIO

EUROFIMA
attractive rolling stock financing

EUROFIMA European Company for the Financing of Railroad Rolling Stock is a supranational organization located in Basel, Switzerland. It was established in 1956 based on an international treaty signed by 25 European sovereign States so far.

EUROFIMA fulfils a non-profit maximizing mission to support the development of public passenger rail transportation in Europe. It supports its shareholder railways as well as other railway bodies in renewing and modernising their equipment.

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FAQ

  • What is EUROFIMA?

    EUROFIMA European Company for the Financing of Railroad Rolling Stock is a supranational organization located in Basel, Switzerland. It was established in 1956 based on an international treaty signed by 25 European sovereign States so far.

  • Who are EUROFIMA's Member States?
    • Germany
    • France
    • Italy
    • Belgium
    • Netherlands
    • Spain
    • Switzerland
    • Luxembourg
    • Portugal
    • Austria
    • Greece
    • Sweden
    • Serbia
    • Czech Republic
    • Croatia
    • Hungary
    • Bosnia and Herzegovina
    • Slovakia
    • Slovenia
    • Bulgaria
    • FYR of Macedonia
    • Montenegro
    • Turkey
    • Denmark
    • Norway
  • Who are EUROFIMA's shareholders?

    Deutsche Bahn AG
    SNCF Mobilités
    Ferrovie dello Stato Italiane S.p.A.
    SNCB
    NV Nederlandse Spoorwegen
    RENFE Operadora
    Swiss Federal Railways
    Luxembourg National Railways
    CP-Comboios de Portugal, E.P.E.
    ÖBB-Holding AG
    Hellenic Railways
    Näringsdepartementet, Sweden
    Akcionarsko društvo Železnice Srbije
    České dráhy, a.s.
    HŽ Putnički prijevoz d.o.o.
    Hungarian State Railways Ltd.
    Javno preduzeće Željeznice Federacije
    Bosna i Hercegovina d.o.o.
    Železničná spoločnost’ Slovensko, a.s.
    Slovenske železnice d.o.o.
    Holding BalgarskiDarzhavni Zheleznitsi EAD
    Javno pretprijatie Makedonski Železnici-Infrastruktura
    Željeznički Prevoz Crne Gore AD
    TCDD Taşımacılık A.Ş.
    Makedonski Železnici-Transport AD
    Danish State Railways
    Norwegian State Railways

  • Who does Eurofima finance?

    Eurofima finances railroad rolling stock for public passenger transport services. For Eurofima rolling stock means wagons, locomotives and multiple units. Eurofima supports its shareholder railways as well as other railway bodies in renewing and modernizing their equipment.

  • Is EUROFIMA a bank?

    Eurofima is not a bank. It is a supranational organization that fulfils a non-profit maximizing mission to support the development of rail transportation in Europe.

  • I would like to have more information about EUROFIMA, who can I contact?

    Dr. Jacqueline Haverals
    Head of Shareholder and Strategic Relations
    Tel: +41 61 287 33 57
    E-mail: jacqueline.haverals@eurofima.org

    Dimitrios Lazaris
    Analyst of Shareholder and Strategic Relations
    Tel: +41 61 287 33 58
    E-mail: dimitrios.lazaris@eurofima.org

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