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Credit Foncier de France -- Moody's: BPCE's universal bank model is a source of stability but still suffers from high costs

Increased diversification and multiple revenue streams underpin stable earnings and profitability at French mutualist bank Groupe BPCE, bolstering its universal bank model, says Moody's Investors Service in a report published today. Moody's report, "Groupe BPCE: BPCE's universal bank model is a source of stability but high costs are a weakness," is available on www.moodys.com. The rating agency's report is an update to the markets and does not constitute a rating action.