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BRED - Banque Populaire Mar 07
Standard & Poors, March 2007
Abstract
Core member of the Banque Populaire group Solid franchise in the Paris region Very sound financial profile Innovative management and good commercial dynamism Ambitious growth strategy, which is cost consuming Possible execution risk related to acquisitions Moderate geographic diversification by national standards, and limited overall market share The rating on BRED - Banque Populaire (BRED) is based on the bank's membership in the Banque Populaire cooperative banking group (Groupe Banque Populaire or GBP), as well as on its strong regional franchise and very sound financial profile. France's GBP enjoys very solid market positions in domestic retail and corporate banking, a moderate risk profile, sound profitability, and very satisfactory capitalization. Offsetting these factors are BRED's ambitious growth strategy--which translates into organic...
Companies mentioned in this report are: BRED-Banque Populaire,Natixis S.A.,Banque Federale des Banques Populaires
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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