Credit Agricole : Excessive correction on Italy
>Italy - Very low impact of sovereign debt on solvency - During several road shows with Crédit Agricole SA, we reviewed the group’s exposure to sovereign Italian debt:Quantification: Crédit Agricole SA carries € 7bn in sovereign Italian debt in bank accounts. Moreover, some € 6bn are carried by insurance groups. By way of comparison, CET1 stood at € 33.9bn at end-March 2018.Italian debt in Italy: the lion’s share of Italian sovereign debt is carried by Itali...Credit Agricole is active in the market of retail banking and related businesses. Co. provides day-to-day banking, savings products, mortgage and consumer loans, insurance, private banking, asset management, lease finance and factoring, corporate and investment banking. Its activities can be divided into six business lines: French Retail Banking - Regional Banks; French Retail Banking - LCL; International Retail Banking; Specialized Financial Services; Savings Management and Insurance; and Corporate and Investment Banking. Co.'s customers are personal customers, farmers, small businesses, companies and local authorities. As of Dec 31 2013 Co.'s total assets amounted to Euro1,536,873,000,000.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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