SME sentiment indicator tumbles in November
The BPLG/AFP indicator of sentiment in the French small- and medium-sized business (SME) sector fell to 10 in November from 16 in October.
The BPLG/AFP indicator of sentiment in the French small- and medium-sized business (SME) sector fell to 10 in November from 16 in October.
The French state-controlled bank for SMEs has appointed as chairman, Jean-Pierre Denis, former head of Dalkier, a subsidiary of French environmental services group Veolia.
CNCE, the central bank that heads the Caisses d'Epargne network of French government-owned, not-for-profit savings banks, confirmed yesterday that it aimed to unite its main subsidiaries, including Banque Sanpaolo and back offices dedicated to sma
Crйdit Agricole, the French mutual bank, yesterday shrugged off analyst worries about its ability to keep pace with the recovery at its domestic rivals by reporting an almost threefold increase in third-quarter net profits to Ђ382m.
According to a study conducted by the German credit insurance company Gerling NCM, the number of company bankruptcies in France is set to rise by seven per cent this year, to 45,800.
According to the French ministry for justice, 59,000 French businesses had difficulties in 2002 leading them to appear in the commercial courts.
Jean-Franзois Debrois, managing director of AGF, has decided to retire, effective 31 March 2004, after 35 years of service in the AGF Group.
A new French law could provide the basis for growth in French securitisation volumes, according to a report published today by Standard & Poor's Ratings Services.
Coface, the French credit insurance company, has posted an 11.5% hike in consolidated turnover, to Ђ551.5m, for the first half of 2003. On a like-for-like basis, the rate of growth was 5.9%.
As at 31 December 2002 net banking income (NBI) for Factorem, part of the Natexis Banques Populaires group, came to Ђ91.4m, a fall of 8% (Ђ8.1m) compared with 2001.