Report title: Crédit Logement
from Moody's Global Credit Research
6 page (2434 word) report published Nov 20, 2009

Price $550.00 available for immediate download
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...CrTdit Logement (CL) is a non-bank credit institution and ¡ through its shareholders ¡ the leading provider in France of "prOts cautionnTs", or guarantees for non-mortgage backed residential housing loans to individuals. As of 31 December 2007, CL held a 50% share of the French housing guarantee market and reported guarantees of around 30% of new production of residential housing loans in France and 20% to 25% of the entire stock. As of 31 December 2008, the institution reported an unconsolidated asset base of 11.7 billion. CL was incorporated in 1975. Its shareholders are the major French financial institutions that offer "prOts cautionnTs". They comprise the largest participants in the French banking sector including BNP Paribas, CrTdit Agricole, LCL - Le CrTdit Lyonnais and SociTtT GTnTrale Group, which are CL's largest shareholders, each holding a 16.5% stake as of 31 December 2008....

Report Type: Company Profile
Issuer: Credit Logement
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