French Bank Financing Available for Reconstruction
The owners of the former La Belle Creole Hotel maintain a friendly business relationship with Daniel Gibbs, President of the Overseas Collectivity of St. Martin. Mr. Gibbs has made helpful top-level introductions to interested developers at the CDC, Caisse des Depots, the French State Bank, and AFD, Agence Francaise de Developpement, France’s Public Development Bank. CDC has approved their equity participation in the redevelopment of LBC. AFD will bring construction financing with their funds and also participation from other banks.
Caisse des Depots – CDC
“Caisse des Dépôts et Consignations and its subsidiaries constitute a public group serving the public interest and the country’s economic development. The Group carries out missions of public interest in support of the public policies implemented by the State and local government bodies, and may also exercise competitive activities. […] Caisse des Dépôts et Consignations is a long-term investor and contributes to the development of enterprises in line with its own proprietorial interests.”
Article L. 518-2 of the French Monetary and Financial Code (amended by the 2008 law on modernization of the economy).
Ours is a one-of-a-kind model
Placed under Parliamentary supervision and guarantee, Caisse des Dépôts is Europe’s only financial institution relying on the nation’s protection, a status that confers it with independence and autonomy. It is a Public Group made up of a Public Institution and subsidiaries.
Since 1816, our priority mission has been to “receive, conserve and render the values entrusted to us”.
Our raison d’être: the public interest
Ever attentive to the country’s development, we carry out missions of public interest supporting national and local public policies: financing of social housing, development of enterprises, and energy and ecological transition.
Active above all in promoting the country and its regions’ economic development, the Group stands out for its unique positioning, leaving time for innovation and sustainable growth.
Our mission as a long-term investor
We invest over the long term, serving the country’s economic development with our loan offers, equity and guarantee mechanisms with no contributions from the State budget. Our stable and diversified resources come from management of our financial assets, investment activities, and subsidiaries, which are normally set up by Caisse des Dépôts to meet a need of public interest.
We are active in such diverse sectors as personal risk protection, mobility, housing, leisure activities and tourism, company financing, IT, and energy and the environment.
Our capacity for innovation and designing new forms of cooperation with our partners and customers enables us to anticipate, support and accelerate the major changes that French society is undergoing, in particular those requiring large-scale investments.
Agence Francaise de Developpement, AFD
AFD is France’s inclusive public development bank. It commits financing and technical assistance to projects that genuinely improve everyday life, both in developing and emerging countries and in the French overseas territories. In keeping with the United Nations Sustainable Development Goals, AFD works in many sectors — energy, healthcare, biodiversity, water, digital technology, professional training, among others — to assist with transitions towards a safer, more equitable, and more sustainable world: a world in common.