Investor Presentaiton
HSBC receives firm offer for regional banks in France
Seven regional banks:
Société Marseillaise de Crédit (SMC)
Banque Chaix
Banque Marze
Banque de Savoie
Banque Dupuy de Parseval
Banque Pelletier
Crédit Commercial du Sud-Ouest (CCSO)
SMC
Société Marseillaise de Crédit
LA BANQUE DU SUD
Banque de Savoie
RÉGIONALE RESOLUMENT
Banque Pelletier
Fondée en 1971
BANQUE CHAIX.
BM
BANQUE MARZE
華
BANQUE DUPUY, DE PARSEVAL
Fondée en 184
CREDIT COMMERCIAL DU SUD-OUEST
Key figures (aggregate):
-
Total assets: EUR8 380
million
Equity: EUR564 million
O Profit after tax: EUR100
million
Staff: 2,950 employees
400 branches
• Potential buyer: Banque Fédérale des Banques Populaires
• Terms of the offer: EUR2 100 million, ie PE 07 = 21x and BV 07 = 3.7x
• Future: in France, we have significant opportunities in Global Banking
and Markets, Private Banking, Asset Management, Insurance, Personal
Financial Services, especially Premier, and Commercial Banking, through
our HSBC-branded retail network. The more international nature of these
businesses fits our stated strategy to focus our developed market
operations on international connectivity
HSBC
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