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| Brief Excerpt: | ...Standalone Strengths Drive IDRs: Groupe BPCE's (GBPCE) IDRs and Viability Rating (VR) reflect its sound business profile, low risk appetite, satisfactory asset quality and sound capitalisation. They also factor in higher dependence on wholesale funding than some French peers and lower high-quality liquidity buffers than some international peers. GBPCE is a cooperative banking group. Its 36 regional banks and central body (BPCE S.A.) are bound by a cross-support mechanism according to the French Financial and Monetary Code. Accordingly, Fitch has the same IDRs for GBPCE, BPCE S.A. and the regional banks. Among France's Retail Banking Leaders: GBPCE is the second-largest retail banking group in France, with market shares of 15% to 25% depending on product. Low Risk Appetite: GBPCE focuses on the low-risk French retail business. Its cooperative banking group structure shelters it from excessive market return pressure, as only a small part of Natixis' capital is free floating (28%). Satisfactory... |
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| Company(ies) | Groupe Credit Cooperatif
, Banque Palatine S.A.
, Credit Cooperatif Société anonyme coopérative de banque populaire à capital variable
, Credit Maritime Mutuel/France
, Natixis SA
, Credit Foncier de France S.A.
, Banque Populaire Grand Ouest SA
, Banque Populaire Aquitaine Centre Atlantique SCB de CV
, BANQUE POPULAIRE AUVERGNE RHONE ALPES COBFAV
, Banque Populaire de l'Ouest SC
, Banque Populaire Cote D Azur
, Banque Populaire Alsace Lorraine Champagne Cobfav
, Banque Populaire Du Massif Central SC
, Banque Populaire du Nord SA
, Banque Populaire du Sud-Ouest
, Banque Populaire Loire et Lyonnais SA
, Banque Populaire Mediterranee SA
, Banque Populaire Occitane SAC
, BANQUE POPULAIRE VAL DE FRANCE COBP
, Banque Populaire Du Sud SC |
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| Issuer | Groupe BPCE |
| Format: | | PDF |  |
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