Summary: Banque Federative du Credit Mutuel Mar 10
- ID: 2046944
- March 2010
- Standard & Poors
The ratings on Banque Fédérative du Crédit Mutuel (BFCM) are based on Standard & Poor's Ratings Services' view of the BFCM's core position as the funding arm of the French regional retail banking group Crédit Mutuel Centre Est Europe – Crédit Industriel et Commercial (CM5-CIC). In our opinion, BFCM's credit risk mirrors that of CM5-CIC, given the bank's total operational integration within the parent group. CM5-CIC is the largest banking group of regional federations of cooperative banks that form Groupe Crédit Mutuel, which is the third-largest retail banking network in France, and one of the two most successful bancassurers. The creditworthiness of CM5-CIC is underpinned by its strong franchise in domestic retail banking, along with a leading position in non-life...
Companies mentioned in this report are:
- Banque Federative du Credit Mutuel
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