|
|
 |
|
Viewing report
|
|
|
|
Banque Marocaine pour le Commerce et l'Industrie Mar 01
Standard & Poors, March 2001
Abstract
The public information ('pi') rating on Banque Marocaine pour le Commerce et l'Industrie (BMCI) reflects the bank's good asset quality by local standards, satisfactory and stable profitability, and adequate capitalization. In addition, the bank's close relationship with French bank BNP Paribas (AA-/Stable/A-1+), BMCI's principal shareholder since the bank's creation in 1943, provides BMCI with strong support in areas such as management, organization, risk control, and technical know-how. Standard & Poor's also believes that BNP Paribas' financial support would be available to BMCI were the latter to find itself in difficulties. These positive elements are partly offset by the important challenges that face the Moroccan banking sector: declining interest rates, increasing competition, and a difficult economic environment. BMCI is the sixth-largest...
Companies mentioned in this report are: Banque Marocaine pour le Commerce et l'Industrie,BNP Paribas Canada,BNP Pacific (Australia) Ltd.,Natiocredibail,Natiocredimurs,BNP Paribas Personal Finance,Pinnacle Insurance PLC,Natio Vie,BNP Paribas Lease Group,Findomestic Banca SpA
Action: Review
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: Full Analysis
|
|
|
|
