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Bank Industry Risk Analysis: German Banks Profit From Healthier Credit Environment Mar 07
Standard & Poors, March 2007
Abstract
Wealth and diversity of the economy combined with a high level of political stability Much improved competitiveness of the corporate sector Stabilized real estate markets, which have started to pick up slowly and selectively High level of banking intermediation Improving financial profile of the banking sector Higher industry risk compared with other Western European banking systems due to a difficult competitive environment Dominance of less profit oriented financial institutions and fragmentation of banking industry add to inefficiencies Remaining fragility of the cyclical economic upswing due to structural reform deficits Slow growth of domestic banking business and persistent margin pressures Profitability and capitalization of large institutions well below European average The financial stability of the German banking system has further improved...
Companies mentioned in this report are: Deutsche Bank AG,Dresdner Bank AG,Landesbank Hessen-Thueringen Girozentrale,Norddeutsche Landesbank Girozentrale (Unsolicited Ratings),WestLB AG (Unsolicited Ratings),Bayerische Landesbank,Commerzbank AG,UniCredit SpA,UniCredit Bank Austria AG,DZ BANK AG Deutsche Zentral-Genossenschaftsbank ,COREALCREDIT BANK AG,Deutsche Pfandbriefbank AG,UniCredit Bank AG,Deutsche Postbank AG,Eurohypo AG
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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