...IDRs Equalised with Parent's: Banque Palatine's Issuer Default Ratings (IDRs) are aligned with those of Groupe BPCE (GBPCE, A/Stable/F1) as Banque Palatine is part of GBPCE's legally established cooperative cross-support mechanism. GBPCE's Commitment to Support: BPCE S.A. (A/Stable), GBPCE's central body, is responsible for ensuring that Banque Palatine meets its liquidity and solvency requirements at all times, as prescribed by the French Financial and Monetary Code. The central body can access the resources of all entities that are part of the cross-support mechanism. Part of GBPCE's Strategy: Banque Palatine is a small bank with a modest franchise, but its niche corporate and private banking expertise targeting French SMEs complements the market positions of the Banques Populaires and Caisses d'Epargne et de Prevoyance, GBPCE's main retail banking franchises. Close Integration with GBPCE: Banque Palatine is a 100% subsidiary of BPCE S.A. and it is closely integrated with the group in...
