French Banks Proved Resilient To Crisis But Will Need To Bulk Up Ahead Of Stricter Regulation Feb 11
Standard & Poors, February 2011
Abstract
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...
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Research Type: Commentary
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- 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
- BPCE
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