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Bank Industry Risk Analysis: France (Republic of) Feb 05 Product Image

Bank Industry Risk Analysis: France (Republic of) Feb 05

  • Published: February 2005
  • Region: France
  • Standard & Poors

FEATURED COMPANIES

  • Banque Hervet
  • BRED - Banque Populaire
  • Credit Agricole S.A.
  • Credit Foncier de France
  • Dexia Credit Local
  • Natixis S.A.
  • MORE

Abstract
The creditworthiness of France's banks is healthy and stable. As a result of mergers and acquisitions, six universal banking groups--boasting solid fundamentals, as well as strong and resilient business and financial profiles--dominate the country's highly consolidated banking industry. Over the past 10 years, these groups have markedly and structurally improved their profitability and capitalization. Although earnings growth is expected to continue, intensifying competition and moderate French economic prospects are likely to limit substantial improvement in the 18%-20% ROE achieved in domestic retail banking. Accordingly, banks are expected to look increasingly outside France for growth areas that do not contravene their well-balanced business models. Asset quality is expected to remain well under control, and efforts to rein in costs will be...

Companies mentioned in this report are:
- Credit Agricole S.A.
- Credit Foncier de France
- Natixis S.A.
- BNP Paribas
- Credit Lyonnais
- Societe Generale
- France (Republic of) (Unsolicited Ratings)
- Credit Agricole Corporate and Investment Bank
- HSBC France
- Credit Industriel et Commercial
- READ MORE >

- Credit Agricole S.A.
- Credit Foncier de France
- Natixis S.A.
- BNP Paribas
- Credit Lyonnais
- Societe Generale
- France (Republic of) (Unsolicited Ratings)
- Credit Agricole Corporate and Investment Bank
- HSBC France
- Credit Industriel et Commercial
- Banque Federale des Banques Populaires
- Dexia Credit Local
- Banque Federative du Credit Mutuel
- Credit du Nord S.A.
- Caisses d'Epargne Participations
- Caisse Centrale du Credit Mutuel
- Banque Hervet
- BRED - Banque Populaire
- CDC Finance-CDC IXIS

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