|
|
 |
|
Viewing report
|
|
|
|
Banque Federative du Credit Mutuel Dec 06
Standard & Poors, Dec 2006
Abstract
Strong franchise of parent group CMCEE-CIC in the French retail-banking market Proven expertise in non-life insurance Sound asset quality Satisfactory financial performance Successful restructuring of CIC Pressure on the interest margin due to the large proportion of residential housing loans Only recent strengthening of market risk controls following CIC's equity derivative-related losses in 2004-2005 Significant investments in new branch openings that have not yet resulted in parallel growth in revenues The ratings on Banque F-d-rative du Cr-dit Mutuel (BFCM) are based on its core position as the funding arm of the French regional retail-banking group Cr-dit Mutuel Centre Est Europe - Cr-dit Industriel et Commercial (CMCEE-CIC). In Standard & Poor's Ratings Services' view, BFCM's credit risk mirrors that of its...
Companies mentioned in this report are: Banque Federative du Credit Mutuel,Credit Industriel et Commercial,CIC Finance (DE) Inc.,CIC Funding,Banque Transatlantique,Caisse Centrale du Credit Mutuel,Banque Commerciale pour le Marche de l'Entreprise,Banque CIO,Lyonnaise de Banque,Banque Scalbert Dupont,Societe Bordelaise de CIC,Credit Industriel de L'Ouest,Banque CIAL,Banque CIN,Banque SNVB
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
|
|
|
|
