Acquiring Partners and Payment Methods Business to Consumer - November 2012
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Les Résultats Des Grandes Banques Internationales En 2005 Et Au Premier Semestre 2006
Les résultats des grandes banques internationales en 2005 et au premier semestre 2006 Corinne DAUCHY, Catherine GOUTEROUX Secrétariat général de la Commission bancaire Service des Études bancaires En 2005, le maintien de la croissance économique mondiale à un niveau élevé a eu un impact positif sur les résultats des principaux groupes bancaires des grands pays industriels. La progression des revenus, d’intérêts comme de commissions, et la bonne maîtrise des coûts d’exploitation se sont traduites par des résultats brut d’exploitation en forte hausse. Parallèlement, le coût du risque de crédit s’est inscrit en baisse dans la plupart des pays. Une légère dégradation a toutefois touché les pays anglo-saxons, dans le domaine du crédit aux particuliers, en relation notamment avec le contexte de resserrement monétaire en cours dans ces pays. Au fi nal, le résultat net de l’ensemble des groupes bancaires de l’échantillon s’est accru de 43 %. Leur niveau de rentabilité s’est encore amélioré par rapport à 2004. Dans ce contexte économique dynamique, les opérations transfrontalières en Europe se sont accélérées et les stratégies d’acquisitions ciblées sur des marchés porteurs ont continué à se développer (cf. annexe 1). Les groupes français ont été particulièrement actifs depuis le début de l’année 2006 avec un montant moyen d’acquisitions de 13 milliards d’euros (hors la transaction récemment annoncée du Crédit agricole avec Banca Intesa), soit plus de 50 % des montants investis entre 1999 et juillet 2006. Au premier semestre 2006, la tendance sous-jacente à la bonne tenue des résultats de 2005 demeure, même si, à l’horizon 2007, les perspectives pourraient être moins favorables. -
10 Years of FROB 2009-2019. a Decade for Financial Stability
10 YEARS OF FROB 2009 - 2019 A DECADE FOR FINANCIAL STABILITY 10 YEARS OF FROB 2009 - 2019 A DECADE FOR FINANCIAL STABILITY Reproduction for educational or non-profit purposes is permitted provided the source is cited. FROB, Madrid, 2019. 10 YEARS OF FROB 2009-2019 TABLE OF CONTENTS MESSAGE FROM THE CHAIR ................................................................................................................................. 11 SECTION I: DEVELOPMENT OF THE ROLE OF FROB IN THE BANKING CRISIS ..................................................... 13 CHAPTER I (2009-2011) THE ORIGINS OF THE CRISIS, FROB AND THE NEW BANK RESOLUTION REGIME ....................................................... 14 Period 2009-2010. FROB I. Supporting the integration of savings banks .................................................................... 14 National and international context ............................................................................................................................... 14 Legal and institutional framework ................................................................................................................................. 20 The model for orderly bank restructuring and the creation of FROB ................................................................... 20 Restructuring processes ................................................................................................................................................... 20 Integration processes ....................................................................................................................................................... -
2005 Annual Report
2005 Annual Report Profile NATEXIS BANQUES POPULAIRES IS A MAJOR PLAYER Natexis Banques Populaires, the Banque Populaire Group’s listed entity, is a financing, investment banking and services bank and is currently developing a unique offering in receivables management. ith more than 12,900 employees and a network of 155 offices, including 117 abroad, Natexis W Banques Populaires builds long-term domestic and international partnerships with its clientele of large and medium-sized companies, financial institutions and the Banque Populaire network. Drawing on its expertise in a wide range of complemen- tary areas, Natexis Banques Populaires provides not only traditional banking services but also high value-added technology-based services. In order to meet its clients’ needs and ensure the highest quality standards, the bank offers specialist services in each of its businesses. A prominent player in financing activities, Natexis Banques Populaires maintains relationships with virtually all major French companies.Through its subsidiary Coface, it is one of the world’s leading providers of credit insurance and credit management services. At the same time, Natexis Banques Populaires is ranked among the leaders in private equity and financial engineering, and is one of the foremost brokerage firms. It also ranks among the top providers of high-tech ser- vices. Finally, it is a well-known and highly respected player in the bancassurance and asset management segments and the leading employee savings plan manager in France. NATEXIS BANQUES POPULAIRES 01 Table of contents P.01 > Profile P.04 > Chairman’s message P.05 > Chief Executive Officer’s message P.06 > Key figures 2005 01 P.08 > Natexis Banques Populaires and its shareholders P. -
2E Actu DRF 2009 02
Second registration document update and interim financial reports year ended june 30, 2010 AMF The first update to the 2009 Registration document was submitted to France’s financial market authority ( Autorité des marchés financiers - AMF ) on May 20, 2010 under N°.D.10-0169-A01. The 2009 Registration document was filed with the Autorité des marchés financiers on May 10, 2010 under N°.R.10-035. This document is an English-language translation of the French “Deuxième actualisation du document de référence” submitted to France’s financial market authority (Autorité des marchés financiers) on August 31, 2010 in compliance with Article 212-13 of the AMF’s standard regulations. Only the original French version can be used to support a financial transaction, provided it is accompanied by an Information notice “note d’opération” duly certified by the Autorité des marchés financiers. The English version of this report is a free translation from the original which was prepared in French. All possible care has been taken to ensure that the translation is an accurate presentation of the original. However, in matters of interpretation, views or opinion expressed in the original language version of the document in French take precedence over the translation. TABLE OF CONTENTS chapter 1 2010 interim management report ........................................................................................ 4 1.1. Highlights of the first half of 2010 ..........................................................................................................4 -
Citigroup in Cameroon
Citigroup in Cameroon: Capturing Growth Opportunities in a Regional Economic Powerhouse A Capstone Project Prepared with the assistance of Professor Richard Linowes from the Kogod School of Business at American University by Brice Ngameni Spring 2012 in fulfillment of the requirements for American University's University honors designation Abstract: This examination of socio-economic trends and realities in Cameroon sheds light on the tremendous growth potential that the economic powerhouse of the Central African region presents to Citibank in a variety of sectors ranging from mobile banking, remittance transfer services, to project finance. In the wake of the financial crisis which almost brought to its knees the 200 year-old financial institution, Citibank has engaged in profound soul-searching, seeking to define a strategy in line with its core competitive advantage. This competitive advantage lies primarily in the unmatched global reach of its branch network and wide array of proprietary applications. To leverage these assets requires a somewhat bolder approach towards banking opportunities in Africa in general, and Cameroon in particular. This paper prescribes a number of actionable recommendations to position Citibank as major player in the relatively unchartered banking landscape of Cameroon. Ngameni 2 Memorandum To: Professor Richard Linowes From: Brice Ngameni Date: 5/21/2012 Re: Citigroup in Cameroon: Capturing Growth Opportunities in a Regional Banking Hub About Cameroon: Cameroon is a West African country located on the gulf of Guinea. It is bordered to the South by the republics of Gabon, Equatorial Guinea and Congo; to the North by Nigeria and to the East by Chad and the Central African Republic (CAR). -
Fondos De Inversión ANEXO A1.1 Sep-11
Fondos de inversión ANEXO A1.1 sep-11 Fondo Clase Código ISIN Sociedad Gestora Entidad Depostiaria Grupo Financiero 30-70 EURO INVERSION, FI - ES0184833038 BARCLAYS WEALTH MANAGERS ESPAÑA, S.G.I.I.C., S.A.BARCLAYS BANK, S.A. BARCLAYS BANK A&G TESORERIA, FI - ES0156873004 A&G FONDOS, SGIIC, SA SANTANDER INVESTMENT, S.A. BANCO SANTANDER, S.A. A.S.C. GLOBAL, FI - ES0114223037 BBVA ASSET MANAGEMENT, S.A., SGIIC BANCO DEPOSITARIO BBVA, S.A. BANCO BILBAO VIZCAYA ARGENTARIA, S.A. ABANDO EQUITIES, FI - ES0109656001 DUX INVERSORES, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE ASESORES GLOBAL, FI - ES0109652034 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE BOLSA ABSOLUTA, FI CLASE A ES0109655037 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER CLASE I ES0109655003 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE BOLSA, FI - ES0105011037 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE PATRIMONIO GLOBAL, FI CLASE A ES0105013033 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER CLASE I ES0105013009 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE RENTA, FI - ES0162947032 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE RENTABILIDAD ABSOLUTA, FI CLASE A ES0184837039 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER CLASE I ES0184837005 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE SELECCION, FI - ES0162946034 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE TESORERIA, FI - ES0190051039 ABANTE ASESORES GESTION, SGIIC, S.A. BANKINTER, S.A. BANKINTER ABANTE VALOR, FI - ES0190052037 ABANTE ASESORES GESTION, SGIIC, S.A. -
REGISTRATION DOCUMENT and FULL-YEAR FINANCIAL REPORT Contents
2014 REGISTRATION DOCUMENT AND FULL-YEAR FINANCIAL REPORT Contents FINANCIAL REPORT 213 5 5.1 IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2014 214 PRESENTATION OF GROUPE BPCE 3 5.2 Statutory Auditors’ report on the consolidated fi nancial statements 318 1 1.1 Presentation of Groupe BPCE 4 5.3 IFRS Consolidated Financial Statements 1.2 History of the Group 5 of BPCE SA group as at December 31, 2014 320 1.3 Organization of Groupe BPCE 6 5.4 Statutory Auditors’ report on the consolidated 1.4 Key fi gures 2014 9 fi nancial statements 400 1.5 Contacts 11 5.5 BPCE parent company fi nancial statements 402 1.6 Calendar 11 5.6 Statutory Auditors’ report on the fi nancial statements 447 1.7 2014-2017 strategic plan: “Growing Differently” 12 1.8 Groupe BPCE’s Businesses 15 SOCIAL, ENVIRONMENTAL 6 AND SOCIETAL INFORMATION 449 CORPORATE GOVERNANCE 29 6.1 Sustainable development strategy and cooperative identity 450 2 2.1 Introduction 30 6.2 Response to economic challenges 456 2.2 Management and Supervisory Bodies 32 6.3 Human resources information 463 2.3 Role and operating rules of governing bodies 65 6.4 Response to environmental challenges 474 2.4 Rules and principles governing the determination of pay and benefi ts 72 6.5 Response to societal challenges 482 2.5 Potential confl icts of interest 84 6.6 CSR reporting methodology 491 2.6 Chairman’s report on internal control and risk 6.7 Report by one of the Statutory Auditors, management procedures for the year ended a designated independent third-party body, on the December -
Outlook for the Spanish Banking Sector in 2013 and Beyond: Completing the Mou and Addressing Remaining Challenges
Outlook for the Spanish banking sector in 2013 and beyond: Completing the MoU and addressing remaining challenges Santiago Carbó Valverde1 and Francisco Rodríguez Fernández2 Many requirements set by the July 2012 Memorandum of Understanding (MoU) for financial assistance to Spanish banks have already been carried out last year. Several important outstanding measures are expected by the end of June 2013, but challenges will remain over the next few years. Restoring financial stability, credit growth and reducing the cost for taxpayers will be the main factors in determining the success of the restructuring and recapitalization process in 2013 Vol. 2, N.º 1 (January 2013) Vol. and beyond. 20 The implementation of the MoU requirements has shown significant progress since November 2012. Key steps such as the approval of the restructuring/resolution plans, the injection of the necessary capital for banks and the effective transfer of impaired assets from the banks to the asset management company Sareb, have been carried out. Importantly, these events have coincided with a relatively calmer situation in sovereign and private debt markets that has brought some stability to financial institutions. This can been seen in the increase in deposit inflows in November 2012, after observing a continuous outflow since March 2012. However, loans continued decreasing. Adoption of important pending measures, such as initiation of activities of the asset management company Sareb and the completion of new bank restructuring plans, should also be addressed in 2013. The completion of the efficiency plans of the banks in 2013 may help create a better environment for lending, but the growth of bank financing will ultimately depend upon the improvement of macroeconomic conditions. -
State Aid: Overview of Decisions and On-Going In-Depth Investigations of Financial Institutions in Difficulty
European Commission - Fact Sheet State aid: Overview of decisions and on-going in-depth investigations of Financial Institutions in Difficulty Brussels, 10 February 2016 In 2008/2009, the Commission adopted a temporary state aid framework to enable Member States to deal with financial problems in systemic banks, as well as support access to finance for real economy firms. The crisis rules for banks, which were tightened in July and December 2010, were extended on 1 December 2011. The Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis expired in December 2011. Situation as of 10 February 2016 Communications from the Commission to provide guidance to Member States Communication from the Commission — The application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis, 13 October 2008 (see IP/08/1495) Communication from the Commission — The recapitalisation of financial institutions in the current financial crisis: limitation of aid to the minimum necessary and safeguards against undue distortions of competition, 5 December 2008 (see IP/08/1901) Communication from the Commission on the Treatment of Impaired Assets in the Community Banking Sector, 25 February 2009 (see IP/09/322) Communication from the Commission - Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, adopted on 17 December 2008 (see IP/08/1993), as amended on 25 February -
2018 Registration Document Including the Annual financial Report CONTENTS
creditfoncier.com CRÉDIT FONCIER 2018 Registration document including the annual financial report CONTENTS Message from the Chairman and the Chief Executive Officer 2 Highlights of 2018 3 Key figures 4 1. PRESENTATION OF GROUPE CRÉDIT FONCIER 7 Presentation of groupe Crédit Foncier 8 Business and financial activity 13 2. CORPORATE GOVERNANCE REPORT 23 Corporate Governance Code 24 Administrative and executive bodies 30 Role and operating rules of governing bodies 50 Remuneration 56 Potential conflicts of interest 65 3. MANAGEMENT REPORT 67 Main transactions of the year 68 Capital transactions in 2018 69 Analysis of income and the balance sheet 70 Risk factors 74 Information on the internal control system 78 Prudential and regulatory information 83 Other disclosures 83 Outlook 84 Social, environmental and societal information 84 4. RISK MANAGEMENT REPORT 85 Introduction – general risks of groupe Crédit Foncier 86 4.1 General organisation & methodology 87 4.2 Capital and capital adequacy ratios 93 4.3 Credit and counterparty risks 96 4.4 Analysis of delinquencies 103 4.5 Risk mitigation techniques 104 4.6 Recommendations of the financial stability forum 106 4.7 Market risks 108 4.8 ALM risks 110 4.9 Operating risks 113 4.10 Non-compliance risk 118 5. FINANCIAL STATEMENTS 121 5.1 Consolidated financial statements 122 5.2 Parent company financial statements 199 6. LEGAL INFORMATION 237 General information 238 Ordinary General Meeting of May 31, 2019 241 Statutory Auditors’ special report on related party agreements and commitments 243 Persons responsible for the document and for auditing the financial statements 246 Cross-reference tables 247 Abbreviations used in the document: Thousands of euros: €k Millions of euros: €m Billions of euros: €bn 2018 REGISTRATION DOCUMENT including the annual financial report This is a free translation into English of 2018 Registration document issued in the French language and is provided solely for the convenience of English speaking readers. -
Dominique Garnier Appointed Director at Natixis
Paris, June 2nd, 2021 Dominique Garnier appointed Director at Natixis The Natixis Board of Directors met on May 28th, 2021 and appointed as Director Dominique Garnier, Chief Executive Officer of Banque Populaire Alsace Lorraine Champagne, to succeed Alain Condaminas. Dominique Garnier began his career in 1983 at Banque Populaire Anjou Vendée. After a period of secondment within the General Inspection of Groupe Banque Populaire between 1992 and 1994, he joined the Banque Populaire Anjou Vendée Management Committee. In 2001 he worked on the creation of Banque Populaire Atlantique and in 2002 was appointed Deputy Chief Executive Officer of the bank. In 2008, he became Deputy Head of Strategy for Banque Fédérale des Banques Populaires. With the creation of Groupe BPCE in 2009, he was appointed Head of Coordination for Commercial Banking and became a member of the BPCE Executive Committee. He was appointed Chief Executive Officer of Banque Populaire du Sud-Ouest in 2010, and then Chief Executive Officer of Banque Populaire Aquitaine Centre Atlantique in November 2011. In December 2018, Dominique Garnier was appointed to the General Management Committee of BPCE in charge of managing the project to integrate the Factoring, Sureties & Guarantees, Leasing, Consumer Finance and Securities Services businesses then, from April 2019, in charge of Solutions and Financial Expertise. In May 2021, Dominique Garnier was appointed Chief Executive Officer of Banque Populaire Alsace Lorraine Champagne. About Natixis Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts over 16,000 employees across 36 countries. -
Monthly Report, November 2011
Monthly Report, November 2011 HIPOCAT 11 FTA Fondo de Titulización de Activos The amounts are expressed in euros Date of Constitution 09/03/2007 Managers CatalunyaCaixa, JP Morgan, Natixis, UBS Investment Bank Issue Date 09/03/2007 Disbursement Date 15/03/2007 Originator / Servicer CatalunyaCaixa Management Company Gestión de Activos Titulizados, SGFT, SA Swap Guarantee Administrator CatalunyaCaixa Paying Agent Banco Santander Guaranteed Interest C. Caixa d'Estalvis i Pensions de Barcelona Secondary Market AIAF Interest Swap CECA Register of Book Securities S.C.L.V. Espaclear Subordinated Loan CatalunyaCaixa Depositary CatalunyaCaixa Lead Manager CatalunyaCaixa, JP Morgan, Natixis, UBS A u d i t o r s Deloitte & Touche Investment Bank MORTGAGE BACKED SECURITIES: ASSET SECURITISATION BONDS (STRUCTURE SENIOR/MEZZANINE) Moody's / S&P / Fitch Current Coupon Principal Outstanding (Unit/Bonds/Total) Coupon Type Redemption Ibca / DBRS Accrued Period Class Current 91 days ISIN Code Current Original Final Current Original Factor Frequency Next Priority/Type Redemption Base: A/ 360 Maturity SERIE A1 0,00€ 100.000,00€ Floating - % 17-01-2050 Aaa Aaa ES0345672002 - % 2.000 2.000 EURIB.3M+0,04% Date: 16-01-2012 AAA AAA Senior / Pass-Through 0,00€ 200.000.000,00€ 16-1/4/7/10 Interests: - 16-1/4/7/10 AAA AAA SERIE A2 48.977,84€ 100.000,00€ Floating 1,702% 17-01-2050 Ba3 Aaa ES0345672010 48,98% 10.832 10.832 EURIB.3M+0,13% Date: 16-01-2012 BBB- AAA Senior / Pass-Through 530.527.962,88€ 1.083.200.000,00€ 16-1/4/7/10 Interests: 210,72 € 16-1/4/7/10 BBB