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Caisse Centrale du Credit Mutuel Jan 02
Standard & Poors, Jan 2002
Abstract
The ratings on French Caisse Centrale du Cr-dit Mutuel and related entities are based on a consolidated analysis of the Cr-dit Mutuel group, including Cr-dit Industriel et Commercial (CIC), acquired in 1998. They reflect Cr-dit Mutuel's solid market share in domestic retail banking, adequate profitability, and satisfactory capital ratios. They also reflect the reliability of the system of solidarity that exists between the cooperative banks that are members of the Cr-dit Mutuel group. Cr-dit Mutuel focuses primarily on retail banking. With 12.5 million customers, 4,700 branches, and a domestic market share of 12% of deposits and credits, Credit Mutuel-CIC ranks among the three largest retail banking groups in France. It enjoys a particularly strong position in the bancassurance market, where...
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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