Union De Credit Pour Le Batiment Sa

Union de Credit pour le Batiment (UCB) SA provides lending, depository and other financial services primarily to the building sector in addition to real estate loans to private borrowers. It consolidates 11 subsidiaries: 6 in France, 3 in Italy, one in the U.K. and one in Spain. Interest and fees on loans accounted for 87% of 1997 revenues; interest income on bank deposits, 3% and interest on securities & non-interest income, 10%.