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Bank Industry Risk Analysis: Netherlands Dec 01
Standard & Poors, Dec 2001
Abstract
The Dutch banking sector is one of the most highly concentrated and internationalized in Europe. A string of mergers in the early 1990s triggered a wave of consolidation in the Dutch banking industry, leaving in its wake three giants that dominate the market-- ABN AMRO Bank N.V. (ABN AMRO; AA/Negative/A-1+), ING Bank N.V. (ING; AA-/Stable/A-1+), and Rabobank Nederland (Rabobank; AAA/Stable/A-1+). Together, these three banks account for about two-thirds of banking business in the Netherlands. Although the Dutch central bank, De Nederlandsche Bank (DNB; AAA/Stable/A-1+), has signaled that it believes there has been enough concentration among the heavyweight Dutch banks, there will likely be further consolidation between large and smaller banks, between banks and insurance companies, and between pension funds and...
Companies mentioned in this report are: Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland),The Royal Bank of Scotland N.V.,Fortis Bank S.A./N.V.,ING Bank N.V.,NIBC Bank N.V.,Bank Nederlandse Gemeenten N.V.,Nederlandse Waterschapsbank N.V.,De Nederlandsche Bank,SNS Bank N.V.
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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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