The Communal Equipment Fund (FEC) was created by the Public Authorities after independence as a financial institution specializing in the financing of Territorial Communities.
With over 60 years of experience in financing the local public sector, the FEC has developed expertise and capitalized on know-how which consolidates its role as a technical and financial partner of the Territorial Communities.
Since its creation in 1959, the FEC has gone through several stages in the light of developments in the financial and local sectors. Stages of evolution during which the FEC has ensured to improve its services and interventions for the benefit of the local public sector.
Mission
As a Bank with a collective utility mission, the FEC finances the local public sector and ensures the strengthening of local expertise and the promotion of local development investments. The Bank thus offers its clients products and services adapted to their needs and endeavors to provide them with the technical assistance necessary for the setting up and implementation of their investment programs and projects.
The FEC supports its clients in expressing their investment choices and offers them the possibility of carrying out their projects aimed at improving the living environment of the Citizen. Thus, the FEC intervenes in various sectors which cover all the prerogatives of the Territorial Collectivities, in particular:
