MOODY'S RELEVE DE Baa1/Prime-2 A A1/Prime-1 LES NOTATIONS DE LA BANQUE HERVET; LA PERSPECTIVE DE LA NOTATION C- DE SOLIDITE FINANCIERE INTRINSEQUE RESTE POSITIVE
Moody's Investors Service a relevé de Baa1/Prime-2 à A1/Prime-1 les notations de dépôts bancaires à long et court terme de la Banque Hervet. La perspective de la notation de solidité financière intrinsèque de C- reste positive.
Moody's indique que ce rehaussement de notation s'appuie, d'une part, sur les bénéfices que retire la Banque Hervet de son processus d'intégration dans le groupe Crédit Commercial de France (CCF) mais également, sur les anticipations de Moody's selon lesquelles le CCF apportera désormais, si nécessaire, son soutien à cette filiale bancaire maintenant stratégique. En mars dernier, le gouvernement français cédait la Banque Hervet au CCF (noté Aa3/Prime-1/B) à l'issue du processus de privatisation de cette dernière. L'agence de notation dit juger positivement les antécédents favorables du CCF en matière d'intégration et de redressement de banques de taille plus réduite.
La notation de solidité financière intrinsèque de C- de la Banque Hervet reflète la qualité de son fonds de commerce dans le centre de la France, son positionnement plus limité à Paris - même si dans la capitale, son réseau est complémentaire de celui du CCF ainsi que de son autre filiale bancaire parisienne, l'UBP - et l'amélioration de ses fondamentaux financiers. Depuis 1994, année durant laquelle la Banque Hervet réalisait de lourdes pertes liées à sa forte exposition à l'immobilier commercial, la banque a progressivement amélioré sa rentabilité en exploitant mieux un fonds de commerce de bonne qualité, grâce à la diversification de ses produits et à la restructuration de son réseau d'agences. De la même façon, une gestion dominée par une aversion marquée pour le risque et une plus grande diversification de ses sources de revenus ont renforcé la qualité de crédit ainsi que le bilan de la banque. Son portefeuille d'actifs et sa position de liquidité sont également de bonne qualité mais sa base de coûts reste trop élevée.
Moody's a conclut en indiquant que la perspective positive en ce qui concerne la notation de solidité financière intrinsèque à C- est fondée sur les bénéfices encore à réaliser en ce qui concerne, tant le fonds de commerce de la Banque Hervet que ses résultats. Ces bénéfices devraient notamment provenir de l'élargissement de la gamme de produits de la banque - dans le domaine des produits d'investissement et d'épargne destinés aux particuliers et dans le domaine de la gestion de trésorerie et des autres services généraux destinés à la clientèle d'entreprises de petite taille de la Banque Hervet - ainsi que de synergies de coûts à long terme au niveau des systèmes et fonctions de support, et des achats provenant de son intégration dans un groupe bancaire de plus grande taille.
Les notations suivantes ont été relevées :
· Banque Hervet - notations de dépôt bancaire à long terme, de dette senior unsecured et d'émetteur de Baa1 à A1, et notations de dépôt bancaire à court terme de Prime-2 à Prime-1 ; et
· Banque de Baecque Beau - notations de dépôt bancaire à court et long terme de Baa1/Prime-2 à A1/Prime-1, lesquelles sont fondées sur sa fusion prévue avec sa société-mère la Banque Hervet.
La Banque Hervet est une banque régionale de taille moyenne située à Bourges. Son total d'actifs était de EUR 5,6 Milliards fin 2000 (soit environ USD 5,2 Milliards).
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