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Bank Industry Risk Analysis: For French Banks, Concerns Shift From Capital Markets To Domestic Pressures Jul 08
Standard & Poors, July 2008
Abstract
Stable and highly diversified economy Strong customer loyalty and widespread cross selling Moderate credit risk, due to solid household creditworthiness Concentrated banking sector, dominated by a few strong, diversified banking groups with sustainable market positions and resilient financial performance Sound supervisory framework Low-growth economy generating modest business prospects in domestic retail banking Intense competition in domestic credit activity, resulting in persistent margin pressure Moderate operating flexibility The French banking industry is among the healthiest in the world. After several years of improvement, however, French banks' creditworthiness deteriorated in the past year, reflecting a combination of factors: pressure on domestic banking revenues; comparatively large exposure to U.S. subprime; and other elements specific to each institution. While Standard & Poor's Ratings Services...
Companies mentioned in this report are: Credit Agricole S.A.,Credit Foncier de France,Natixis S.A.,BNP Paribas,Credit Lyonnais,Societe Generale,Credit Agricole Corporate and Investment Bank,HSBC France,Credit Industriel et Commercial,Banque Federale des Banques Populaires,Dexia Credit Local,Credit du Nord S.A.,Caisses d'Epargne Participations,BNP Paribas Personal Finance,CA Consumer Finance,Caisse Centrale du Credit Mutuel,Franfinance,La Banque Postale
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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