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Credit du Nord S.A. Dec 10 Product Image

Credit du Nord S.A. Dec 10

  • Published: December 2010
  • Standard & Poors

FEATURED COMPANIES

  • Banque Kolb S.A.
  • Banque Rhone Alpes S.A.
  • Banque Tarneaud S.A.
  • Credit du Nord S.A.
  • Franfinance
  • Komercni Banka A.S.
  • MORE

Abstract
Core business status within parent bank Société Générale. Robust commercial franchise enhanced by Société Marseillaise de Crédit's recent acquisition. Satisfactory profitability in light of the risk profile. Sound liquidity position. Moderate geographic and business diversification by national standards. Higher credit risk profile than domestic peers, essentially because of a large small and midsize enterprise book. Moderate postacquisition capital position. The ratings on France-based Credit du Nord S.A. (CDN) primarily reflect Standard & Poor's Ratings Services' view of the bank's core position within the domestic retail-banking activities of its parent Société Générale (SocGen; A+/Stable/A-1). Also factored in the ratings are CDN's good retail franchise and overall sound stand-alone financial profile. The ratings on three of CDN's subsidiaries--Banque Rhône Alpes S.A., Banque...

Companies mentioned in this report are:
- Credit du Nord S.A.
- Societe Generale
- Franfinance
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
- Komercni Banka A.S.
- Societe Generale READ MORE >

- Credit du Nord S.A.
- Societe Generale
- Franfinance
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
- Komercni Banka A.S.
- Societe Generale Bank & Trust
- SG Capital Trust III
- Rosbank OJSC JSCB
- Societe Generale SCF
- SG Structured Products Inc.

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