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Summary: Banque D'Orsay Apr 01 Product Image

Summary: Banque D'Orsay Apr 01

  • Published: April 2001
  • Standard & Poors

FEATURED COMPANIES

Abstract
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
Action: Review

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Banque d'Orsay

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