- Language: English
- 92 Pages
- Published: April 2011
- Region: France
Summary: Banque D'Orsay Apr 01
- Published: April 2001
- Standard & Poors
Banque d'Orsay's overall performance continues to reflect general stability, with sustained growth in operating profitability, sound asset quality, and satisfactory capitalization. Wholly owned by Westdeutsche Landesbank Girozentrale (WestLB; AA+/Negative/A-1+) since 1995, Banque d'Orsay is among the smaller French banks. The bank remains concentrated on third-party asset management and proprietary (arbitrage only) trading. Banque d'Orsay was also engaged in brokerage activities through subsidiary Orsay D-riv-s Bourse (ODB); however, the bank sold 75% of ODB to the latter's management in December 1999, and now retains only a 25% minority stake. Banque d'Orsay's funds management business is relatively small, with total assets under management of about -2.3 billion at year-end 2000. Nevertheless, the bank's successful niche strategy of focusing on high-margin, medium- and...
Companies mentioned in this report are: Banque d'Orsay
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