S&P Credit Research



Title:

CMP-Banque

Price:$400.00
Publication Date:Apr 29, 2008
Report Type:Full Report
Abstract:Implicit support from the City of Paris Refocused and coherent strategy Small niche business position Lack of commercial efficiency and partnership with La Banque Postale still at a test stage Lowered lending activity hampering revenues Very weak profitability with still moderate operating efficiency Higher-than-average credit risk The ratings on consumer finance subsidiary CMP-Banque reflect its 100% ownership and core position within Credit Municipal de Paris (CMP; A+/Stable/A-1), as well as the CMP group's close control and supervision by the City of Paris (AAA/Stable/--) and resulting implicit support from the latter. CMP-Banque started operations in early 2005, after receiving all of CMP's nonstatutory monopolistic banking operations. CMP-Banque accounted for 88% of group outstanding loans and 74% of revenues in 2006. CMP's
Issuer:CMP-Banque
Sector:Global Issuers, Financial Institutions
Country:France
Region:Europe, Middle East, Africa
Format:HTML HTML
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S&P Credit Research

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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