2023 Universal Registration Document

2023 saw the reinforcement of two simultaneous, contradictory and intertwined underlying trends. On the one hand, the return of violence and the calling into question of geopolitical balances. On the other, the reinforcement of international cooperation for sustainable development. With financial commitments up +10% compared to 2022 to reach more than €13bn, its two subsidiaries, Proparco and Expertise France, at unprecedented levels of activity, and a balance sheet on the rise to nearly €70bn, the AFD Group aims to make a very active contribution to the diplomacy of the living, multiplying its partnerships around major global challenges and providing attention, support and respect to the most vulnerable.

COP28, which attracted nearly 100,000 participants, was a key moment for the Group, highlighting its demand for impact. As the first bank that is 100% aligned with the Paris Agreement, AFD reached a record level of climate finance of €7.5bn, i.e. 85% of France’s climate finance target.

2023 was also a year of consolidation for the AFD Group, whose configuration with its three entities is unprecedented in the international development landscape. The Group once again demonstrated the robustness of its business model, with consolidated net income of €371M and a stable capital adequacy ratio of 14.95%.