Our value proposition for railways
1 Attractive Pricing
As a high credit quality supranational issuer, we achieve very attractive funding conditions, which we pass on to our clients. We can provide short term bridge financing as well as long term financing up to 30 years.
2 Customized Lending
We can provide funds on short notice (as short as 2 days) and provide tailored solutions to our shareholders’ needs. We provide bullet or amortizing loans, with no minimum or maximum amounts within the approved borrowing limit.
Sustainability is at the core of EUROFIMA’s public mission. We support the UN Goals for sustainable development (Goals 9 and 11), the EU environmental objective 1 on climate change mitigation as well as the EU Green Deal targeting zero greenhouse gas emissions. EUROFIMA is the only climate aligned supranational issuer.
4 Membership Model
Investment in EUROFIMA’s equity generates a stable stream of income (dividends plus share price appreciation). Over the last 20 years, the shares’ book value increased with a CAGR of 2.5%. A participation of 2% entitles to participate in the Board of Directors, which allows to actively influence the company's strategy.
5 Service Excellence
We provide lean loan documentation in a fast and effective way. We have been true experts for more than 65 years in financing passenger rolling stock under a public service contract. We also help our shareholders structure their complex financings.
6 ESG Ranking
Sustainalytics has rated EUROFIMA No. 4 out of a universe of over 14’000 companies and No. 3 out of our industry group of 1’000 banks, with an ESG risk of “negligible”.
4 steps to become a shareholder
Our Work in Europe
Financed amount € 300,000,000
Financed amount € 24,000,000
Financed amount € 250,000,000
Financed amount € 240,000,000
Financed amount € 80,000,000
ROLLING STOCK FINANCED
FINANCED IN CHF
BASEL III RATIO
EUROFIMA’s core activity and public mission consist of supporting the development of 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
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.
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?
- Czech Republic
- Bosnia and Herzegovina
- North Macedonia
Who are EUROFIMA's shareholders?
Deutsche Bahn AG
Ferrovie dello Stato Italiane S.p.A.
NV Nederlandse Spoorwegen
Swiss Federal Railways
Luxembourg National Railways
CP-Comboios de Portugal, E.P.E.
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.
Železnici na Republika Severna Makedonija Transport AD - Skopje
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 Business Development
Tel: +41 61 287 33 57
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