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Banque Martin Maurel Sep 10
Standard & Poors, Sep 2010
Abstract
Prudent strategy for long-term growth. Sound funding and liquidity profile. Good capitalization. Moderate credit risk. Weak operating efficiency. Modest-sized player in a competitive arena. Market and interest rate sensitivity. The ADEF (France) national scale ratings of 'frA2/frT1' on France-based Banque Martin Maurel (BMM) reflect Standard & Poor's Ratings Services' view of the bank's prudent growth strategy, sound capitalization and asset quality, and good liquidity. However, the bank's modest size, its market and interest rate sensitivity, and high cost-to-income ratio due to a large fixed-cost base constrain the ratings. BMM has branches and subsidiaries mainly in Marseille, Lyon, Grenoble, and Paris, and had total balance sheet assets of -1.72 billion and total assets under management of -5.4 billion in July 2010....
Companies mentioned in this report are: Banque Martin Maurel
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
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