France Commercial Banking Report Q3 2012 - New Market Report Now Available
BMI View: While French banks have staged a shaky return to stability, divesting high-risk and capitalintensive assets, they remain highly leveraged and serious questions still linger over their asset quality. With France's economic recovery faltering, domestic demand for household and commercial credit is likely to remain subdued, and we do not expect to see a robust return to profitability in the near term. While we maintain our view that French banks remain stable, for the time being, we remain fairly...
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