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French Banks Proved Resilient To Crisis But Will Need To Bulk Up Ahead Of Stricter Regulation Feb 11
Standard & Poors, February 2011
The French banking industry will likely post improved results for full-year 2010, after resilient profits in 2009, thanks to recurrent domestic revenues, lower credit risk, and diversified income sources by business and geography. Standard & Poor's Ratings Services expects that results overall for the banking industry will remain at their adequate level in 2011. We consider that in the two coming years, French banks will continue to operate in somewhat difficult and constraining environment featuring low domestic economic growth, uncertainties in the eurozone capital markets, and stricter regulatory rules in the run-up to Basel III. (Watch related CreditMatters TV segment titled, "How Tougher Regulations Would Prompt French Banks To Bolster Capital," dated March 16, 2011.) Nevertheless, most of our outlooks...
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.
- Credit Agricole S.A.
- Natixis S.A.
- BNP Paribas
- Societe Generale
- Credit Agricole Corporate and Investment Bank
- HSBC France
- Banque Federale des Banques Populaires
- Dexia Credit Local
- Credit Logement
- RCI Banque
- Banque PSA Finance
- Cofidis S.A.
- Caisse Centrale du Credit Mutuel
- Socram Banque
- Banque Solfea
- Caisse Centrale du Credit Immobilier de France
- Emporiki Bank of Greece S.A.
- Groupama Banque
- La Banque Postale
- Banque Accord
- Allianz Banque