...IDRs Equalised With Parent's: Banque Palatine's (BP) IDRs are aligned with those of its 100% shareholder, Groupe BPCE (GBPCE; A/Stable), as it is part of GBPCE's cross-support mechanism according to the French Financial and Monetary Code. Fitch Ratings considers it extremely likely that GBPCE would support BP, if required. GBPCE's Commitment to Support: BPCE S.A., GBPCE's central body, is responsible for ensuring that BP meets liquidity and solvency requirements at any time, according to the French Financial and Monetary Code. The central body has access to the resources of all group entities that are part of the cross-support mechanism to do this. Part of GBPCE's Strategy: Although BP is a small bank with a modest franchise, it is a specialist in SME lending, which enables GBPCE to broaden its activity with corporate customers and develop synergies within the group. BP's management, systems and risk policies are fully integrated within GBPCE. No Viability Rating: Fitch has not assigned...
