Societe Generale Marocaine de Banques - Fitch Research

Societe Generale Marocaine de Banques

Societe Generale Marocaine de Banques - Fitch Research
Societe Generale Marocaine de Banques
Published Jul 31, 2018
6 pages (6684 words) — Published Jul 31, 2018
Price US$ 300.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Support Drives Ratings: SociTtT GTnTrale Marocaine de Banques' (SGMB) ratings are based on a high probability of support from its majority shareholder SociTtT GTnTrale S.A. (SG: A/Stable), in case of need. This reflects SG's strong ability and willingness to provide support to SGMB. The Support Rating of SGMB is constrained by Morocco's Country Ceiling. Strong Ability to Support: SG is a very solid financial institution as indicated by its Long-term Issuer Default Rating (IDR). Fitch Ratings considers that SG has ample resources to support SGMB, whose liabilities accounted for a very limited 0.6% of SG's at end-2017. Strategically Important Subsidiary: International retail banking and financial services is one of SG's three strategic business lines. SGMB is SG's largest subsidiary in Africa and SG views SGMB as its entry point to the continent. SGMB has a reasonable franchise in Morocco as the third-largest bank and largest foreign-owned bank with a deposit market share of 7%. Strong Integration...

  
Report Type:

Update

Company(ies)
Societe D'equipement Domestique ET Menager SA , Societe Generale Marocaine de Banques SA
Ticker(s)
EQD
Format:
PDF Adobe Acrobat
Buy Now

Fitch Affirms SGMB and Eqdom; Outlook Stable – 2018/03/07 – US$ 149.00

Fitch 2018 Outlook: Major Moroccan Banks – 2017/11/21 – US$ 750.00

Moroccan Banks - 2017 Results Dashboard – 2018/04/17 – US$ 999.00

Credit du Nord – 2018/06/26 – US$ 300.00

Eqdom – 2018/09/19 – US$ 300.00

Moroccan Banks Dashboard: 1H19 Results – 2019-10-25 – US$ 999.00

More from Fitch Research

Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

About the Author


Cite this Report

  
MLA:
Fitch Research. "Societe Generale Marocaine de Banques" Jul 31, 2018. Alacra Store. May 13, 2025. <http://www.alacrastore.com/fitch-credit-research/Societe-Generale-Marocaine-de-Banques-933759_report_frame>
  
APA:
Fitch Research. (). Societe Generale Marocaine de Banques Jul 31, 2018. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/fitch-credit-research/Societe-Generale-Marocaine-de-Banques-933759_report_frame>
  
US$ 300.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.