Bred-Gruppe: Weitere französische Bank drängt nach Deutschland – Banker nennen dafür drei Gründe
Die Bred-Gruppe übernimmt Teile des Geschäfts von Oddo. Sie folgt damit dem Beispiel anderer Geldhäuser. Doch warum finden Frankreichs Geldhäuser den deutschen Markt so attraktiv?
Bred-Gruppe has announced that it has acquired Oddo BHF's German operations, including private banking and correspondence banking. This move signifies that Bred will now offer financing and protection for German companies' exports and imports, as well as international payments. CEO Jean-Paul Julia of the Bred-Group stated that the company aims to grow in Germany, calling it a "key market."
This acquisition is part of a series of takeovers by French banks in Germany. Recent examples include Crédit Agricole buying Düsseldorfer Mittelstandsbank IKB and Crédit Mutuel purchasing Oldenburgische Landesbank (OLB). Crédit Mutuel already operates Targobank in Germany. The German banking market is competitive, but foreign competitors are not deterred.
The CEO of Bred-Group, Jean-Paul Julia, believes Germany is the largest economy in the Eurozone and that small and medium-sized enterprises need financing. He also highlighted that many foreign institutions view Germany as an attractive market due to its large economy, relatively low risk costs, and resilience in the face of the Iran war.
The push from French institutions into the German market is notable, with bankers citing three reasons: limited growth opportunities at home, the fragmented German banking market, and the favorable economic outlook for France.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
