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Banque Federale des Banques Populaires Jul 08
Standard & Poors, July 2008
Abstract
Sound and sustainable market shares in domestic retail and corporate banking Satisfactory but eroding retail banking profitability Good underwriting capacity and conservative lending policies Adequate capital position Lower business and geographic diversification than for large universal banking peers Pressure on revenues in retail activities, primarily due to interest margin compression Tough environment that hampers Natixis S.A.'s corporate and investment banking business The ratings on France-based Banque F-d-rale des Banques Populaires (BFBP) reflect its core position within the Banque Populaire cooperative banking group (Groupe Banque Populaire or GBP). GBP's creditworthiness is based on very solid market positions in domestic retail and corporate banking, satisfactory but eroding profitability in retail banking, and adequate capitalization. GBP operates in nonretail activities through Natixis S.A....
Companies mentioned in this report are: Banque Federale des Banques Populaires,Natixis S.A.,BRED-Banque Populaire,CIFG GUARANTY,CIFG Europe,CIFG Assurance North America Inc.
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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