Report
Carine Maciol

Credit Logement : Continuing momentum in production and solid capital position Buy recommendation reiterated on Tier 2 2029/24 and Tier 1 upgraded to Buy after the price drop

Crédit Logement recently released its full-year 2018 report. It shows stronger-than-forecast loan production in the French market and therefore for Crédit Logement which supported its partner banks. As a result, the MGF and CET1 are stronger. At the end of 2018, the group's capital ratios were very comfortable in both Pillar 1 and Pillar 2. This year, however, the equity loans will have to be renewed to maintain their base and Tier 2 capital. Then by 2022, the revision of RWA cal...
Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Carine Maciol

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