World News: 11:55 GMT Monday 11th February 2019. [Compagnie de Financement Foncier via Globe Newswire via SPi World News]
Compagnie de Financement Foncier's Board of Directors met on February 11, 2019 under the chairmanship of Benoît CATEL, to approve the 2018 annual financial statements.
On June 26, 2018, Crédit Foncier and Groupe BPCE announced their plan of setting up a new industrial scheme for Crédit Foncier, which will be implemented on April 1, 2019.
In this context, the industrial aspect of the project is characterized by the following guidelines:
Compagnie de Financement Foncier remains a strategic subsidiary for Groupe BPCE, under the affiliation regime, and therefore part of the Group solidarity mechanism, which continues to ensure the proper repayment of the debt issued by Compagnie de Financement Foncier.
Income tax of the year totaled €68m.
Compagnie de Financement Foncier'stotaled €76.7bn at December 31, 2018, compared with €78.4bn at December 31, 2017.
Although exempted from regulatory requirements concerning solvency ratios, Compagnie de Financement Foncier calculates a Common Equity Tier One ratio for indicative purposes. As of December 31, 2018, this ratio remained well above the minimum thresholds specified in CRR regulation 575/2013.
Furthermore, Compagnie de Financement Foncier continued to strictly and prudently control its liquidity in 2018.
Lastly, in accordance with the law applicable to , Compagnie de Financement Foncier must maintain a coverage ratio greater than 105% at all times. As of September 30, 2018, this ratio was 115%.
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Globe Newswire: 11:55 GMT Monday 11th February 2019
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