| | |
| Brief Excerpt: | ...Large French banks' revenue and profits slightly increased in 2019 (+2% on average). French retail and commercial banking revenue stabilised following a slight decline in previous years owing to healthy loan growth (+6%) and despite pressure on fee income. The sector did not increase fees charged to individuals in 2019 and lowered incident fees for financially vulnerable customers. The strong rebound of capital markets revenue in the second half of the year as well as resilient insurance and asset management activities also supported revenue. Only BNP Paribas S.A. (BNPP), Credit Mutuel Alliance Federale (CM AF) and Groupe BPCE (GBPCE) were able to increase their revenues faster than their operating expenses in 2019. Cost efficiency remains a weakness (with an average cost/income ratio at about 70%), except for CM AF and Credit Agricole (CA). Nearly all banks are close to the end of multi-year cost-containment programmes, but these are yet to translate into lower costs with the exception... |
| | |
| Report Type: | |
| Company(ies) | Societe Generale S.A.
, Credit Agricole Corporate and Investment Bank SA
, BNP Paribas S.A.
, CRCAM DU NORD EST
, Credit Du Nord SA
, BGL BNP Paribas S.A.
, Banque Palatine S.A.
, Credit Agricole S.A
, Natixis SA
, BNP Paribas Fortis SA/NV
, Credit Foncier de France S.A.
, Credit Mutuel Alliance Federale
, BNP Paribas Securities Services S.C.A.
, BANQUE FEDERATIVE DU CREDIT MUTUEL SA
, La Banque Postale SA
, BNP Paribas Home Loan SFH SA
, Credit Agricole Home Loan SFH SA
, BNP Paribas Public Sector SCF SA
, Groupe BPCE SA
, BPCE SA |
| Issuer | Societe Generale SFH |
| Format: | | PDF |  |
|
| |
