When the French government decided to privatize state-owned Banque Hervet in 2001, it accepted the bid of Banque Credit Commercial de France CCF in large part because that organization was committed to maintaining positions for Banque Hervet's existing work force. The goal was to turn the Fussy IT center into...
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 8/27/97-- Standard & Poor's today assigned its double-'B'-minus long-term and single-'B' short-term counterparty ratings to Banque Audi Sal Banque Audi. The outlook on the long-term rating is stable.
According to the North Africa Journal, the magazine Moody's Investor has issued its rankings of banks worldwide, placing the Banque Commerciale du Maroc BCM in 145th position (15th in the Middle East and North Africa), the Banque Marocaine du Comme According to the North Africa Journal,...
Usually, companies decide to outsource because they want to cut support costs or improve service. For Banque Hervet, however, outsourcing was a way to preserve jobs after it had been acquired by a larger competitor. Through an innovative partnership with EDS, the bank has helped create a major new resource...
NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 10/23/97-- Standard & Poor's today assigned its double-'B'-plus long-term counterparty credit rating to Banque Tuniso-Koweitienne de Developpement BTKD.
According to Al-Bayan newspaper (March 30, 2004), Lebanon's Banque Audi, one of the country's leading banks, announced a merger with Banque Saradar. Yet, the two banks agreed to continue to function as separate legal ... According to Al-Bayan newspaper (March 30, 2004), Lebanon's Banque Audi,...
According to Al-Bayan newspaper (April 28, 2004), Banque Audi, the first bank listed on the Beirut Stock Exchange, announced that its net ... According to Al-Bayan newspaper (April 28, 2004), Banque Audi, the first bank listed on the Beirut Stock Exchange, announced that its net profits...
PARIS--BUSINESS WIRE--Standard & Poor's CreditWire 9/8/98-- Standard & Poor's today assigned its double-'Bpi' public-information ('pi') rating to Banque de Tunisie and its single-'Bpi' public-information rating to Banque Internationale Arabe de Tunisie BIAT. These ratings primarily reflect Tunisia's relatively undeveloped financial sector and protected economy, and the resulting poor asset quality...
According to Assafir newspaper (February 1, 2005), the non-audited profits of the Banque Audi-Saradar amounted to LL 107.5 billion ($71.3 million) last year, an impressive increase of 31.5% compared with the previous year. Audi ... According to Assafir newspaper (February 1, 2005), the non-audited profits...
PARIS--BUSINESS WIRE--S&P's CreditWire 9/8/98--Standard & Poor's today assigned its double-'Bpi' public-information ('pi') rating to Banque de Tunisie and its single-'Bpi' public-information rating to Banque Internationale Arabe de Tunisie BIAT.
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 11/17/97-- Standard & Poor's today assigned its double-B-minus long-term counterparty rating to Banque du Liban et d'Outre-Mer BLOM. The outlook on the rating is stable.
In a year of heightened focus on developments in Africa, the announcement that Fortis had ended all negotiations with potential buyers of its banking subsidiary, Banque Belgolaise, was seen as disappointing. In a year of heightened focus on developments in Africa, the announcement...
According to Al-Bayan newspaper (April 28, 2004), Banque Audi, the first bank listed on the Beirut Stock Exchange, announced that its total assets value in the first quarter of ... According to Al-Bayan newspaper (April 28, 2004), Banque Audi, the first bank listed on the Beirut...
Banque Cantonale Vaudoise, BCV, one of Switzerland's top full-service banks, and IBM, (NYSE: IBM) have signed a $460 million, 5-year services agreement for IBM to transform BCV's Information Technology IT infrastructure.
Moody's Investors Service has withdrawn the ratings of Tunisian bank Banque du Sud BdS for business reasons. This action was taken with the consent of both parties and does not reflect a change in BdS's creditworthiness. For further details please Moody's Investors Service has withdrawn...
According to North Africa Journal, on Wednesday, Moody's upgraded the outlook for the of Banque Nationale Agricole to positive from stable, signaling some improvement in the bank's financial health. Moody's explained that this improvement has been According to North Africa Journal, on Wednesday,...
Moody's Investors Service has withdrawn the ratings of Tunisian bank Banque du Sud BdS for business reasons. This action was taken with the consent of both parties and does not reflect a change in BdS's creditworthiness. For further details please referMoody's Investors Service has withdrawn the ratings of Tunisian bank...
PARIS--BUSINESS WIRE--Standard & Poor's CreditWire 10/28/98--Standard & Poor's today assigned its single-'A'-plus long-term counterparty credit rating to Banque Federative du Credit Mutuel BFCM. The outlook is negative. At the same time, Standard & Poor's 'A-1' short-term counterparty credit and short-term certificate of deposit...
In mid-October, Fimat International Banque U.K. branch, a subsidiary of Societe Generale, became the first non-Italian resident company to serve as a general clearing member of the Italian Derivatives Exchange Idem. In mid-October, Fimat International Banque U.K. branch, a subsidiary of Societe...
American derivatives expertise is a hot commodity nowadays. French bank Banque Nationale de Paris BNP became the latest shopper when it agreed to buy Cooper Neff, a Philadelphia-based options trading firm with a reported $400 million in capital. American derivatives expertise is a hot commodity...