MOODY'S CONFIRME LES NOTATIONS A1/ P-1 DE COMPAGNIE BANCAIRE ET DE SA FILIALE COMPAGNIE BANCAIRE USA FINANCING CORPORATION
Paris, 12/3/1996 -- Moody's Investors Service a confirm‚ les notations A1/Prime 1 et la notation de solidit‚ financiŠre C+ de la Compagnie Bancaire suite … l'annonce faite par la soci‚t‚ d'une perte pr‚visionnelle, part du groupe, de FF 1.2 milliard pour l'ann‚e 1996. Cette perte r‚sulte principalement de la constation de FF 2.5 milliards de provisions destin‚es … couvrir des pertes relatives aux activit‚s immobiliŠres du groupe et des charges de restructuration des activit‚s de financement de l'immobilier (UCB). L'impact de ces provisions a ‚t‚ partiellement compens‚ par une plus value de FF 1 milliard r‚alis‚e sur la vente de 6% du capital de Cetelem, la filiale de cr‚dit … la consommation du groupe. En confirmant les notations, Moody's a indiqu‚ que la perte pr‚visionnelle annonc‚e r‚sulte avant tout de la d‚cision du groupe d'acc‚l‚rer la reconnaissance comptable des pertes de valeur observ‚es au sein de certains portefeuilles d'actifs et de charges li‚es aux mesures de restructuration. Ainsi, ces provisions ne reflŠtent pas une d‚t‚rioration de la rentabilit‚ r‚currente ou de la capitalisation ‚conomique de la Compagnie Bancaire au cours de l'exercice 1996.
Simultan‚ment, Moody's souligne … nouveau la n‚cessit‚ pour la Compagnie Bancaire de retrouver un niveau de rentabilit‚ satisfaisant. Les r‚sultats de la Compagnie Bancaire sont encore fortement d‚pendants de deux lignes d'activit‚ --le cr‚dit … la consommation via Cetelem et l'assurance-vie via Cardif; deux secteurs ou l'augmentation des pressions concurrentielles pourrait … terme limiter les performances du groupe. Cette situation est temp‚r‚e par l'am‚lioration relative de la contribution des activit‚s de services financiers aux entreprises (UFB), les efforts d‚ploy‚s par le management pour d‚velopper de nouvelles activit‚s et par les perspectives d'am‚lioration de r‚sultat qui vont r‚sulter de la sortie des activit‚s d‚ficitaires. L'am‚lioration de la rentabilit‚ reste un ‚l‚ment cl‚ de la stabilit‚ … moyen terme des notations du groupe.
Enfin Moody's note que la capitalisation du groupe exprim‚e en ratio de fonds propres durs reste ‚lev‚e … 10.5%.
Compagnie Bancaire dont le siŠge est … Paris fait partie du groupe Paribas. Au 31 d‚cembre 1995, son bilan consolid‚ s'‚levait … FF 290 milliards.
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