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Industry Report Card: A Tale Of Two Halves For Major European Banks In 2007 Jul 07 Product Image

Industry Report Card: A Tale Of Two Halves For Major European Banks In 2007 Jul 07

  • ID: 1711077
  • July 2007
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Allied Irish Banks PLC
  • BNP Paribas
  • Credit Suisse Group AG
  • Erste Group Bank AG
  • ING Bank N.V.
  • Nordea Bank Norge ASA
  • MORE

Abstract
As the European banking industry prepares to report its earnings for the first half of 2007, Standard & Poor's Ratings Services expects European banks to continue to show strong earnings, despite some signs of market volatility toward the end of the period. The outlook for the second half of 2007 is more challenging, however. The big question is whether the volatility already seen in the U.S. subprime market, and some signs of a decreased appetite for credit risk and leverage among investors, are leading indicators of higher credit charges for the industry and a possible slowdown in some revenue sources. Standard & Poor's considers the major European banks to generally be well positioned to absorb the impact of higher credit...

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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- Credit Agricole S.A.
- Deutsche Bank AG
- Dresdner Bank AG
- HSBC Bank PLC
- National Westminster Bank PLC
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- The Royal Bank of Scotland N.V.
- Bank of Scotland PLC
- BNP Paribas
- Nordea Bank Norge ASA
- Credit Lyonnais
- Danske Bank A/S
- Landesbank Hessen-Thueringen Girozentrale
- Norddeutsche Landesbank Girozentrale (Unsolicited Ratings)
- The Royal Bank of Scotland PLC
- Skandinaviska Enskilda Banken AB (publ)
- Societe Generale
- Nordea Bank Finland PLC
- Portigon AG (Unsolicited Ratings)
- Barclays Bank PLC
- Bayerische Landesbank
- Credit Agricole Corporate and Investment Bank
- Halifax PLC
- Bank of Ireland
- Commerzbank AG
- Banque Internationale a Luxembourg
- Pohjola Bank PLC
- Lloyds Bank PLC
- Svenska Handelsbanken AB
- BNP Paribas Fortis SA/NV
- DNB Bank ASA
- Banque Federale des Banques Populaires
- UniCredit SpA
- Banca Monte dei Paschi di Siena SpA
- Dexia Credit Local
- Standard Chartered Bank
- Allied Irish Banks PLC
- Banco Santander S.A.
- The Royal Bank of Scotland Group PLC
- Credit Suisse AG
- Caja de Ahorros y Monte de Piedad de Madrid
- Credit Suisse Group AG
- Nordea Bank Danmark A/S
- ING Bank N.V.
- Caisses d'Epargne Participations
- HSBC Holdings PLC
- Fundacion Bancaria Caja de Ahorros y Pensiones de Barcelona (Unsolicited Ratings)
- Caisse Centrale du Credit Mutuel
- Capitalia SpA
- Intesa Sanpaolo SpA
- Banco Popular Espanol S.A.
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank
- Hypo Public Finance Bank
- KBC Bank N.V.
- UBS AG
- Erste Group Bank AG
- Deutsche Pfandbriefbank AG
- Hypo Real Estate Bank International AG
- Landesbank Baden-Wuerttemberg
- Belfius Bank SA/NV
- Banco Bilbao Vizcaya Argentaria S.A.
- Hypo Pfandbrief Bank International S.A.
- Nordea Bank AB
- HBOS PLC
- Deutsche Postbank AG
- Hypothekenbank Frankfurt AG
- HSH Nordbank AG

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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