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Bank Industry Risk Analysis: Spain May 02
Standard & Poors, May 2002
Abstract
The Spanish banking system has adapted well to challenges posed by fast economic convergence with the EU. In the past few years, the banking industry has benefited from consolidation and modernization, while maintaining its preeminent position in the economy. At the same time, the profitability and asset quality of the banks has benefited from a stable and healthy economic environment. The Spanish banking system has emerged as a highly competitive, dynamic, and sophisticated market that managed to maintain healthy returns by compensating for pressure on banking margins at the same time as it diversified income sources. Banking industry risk in Spain has also benefited from the great consolidation undergone over the last decade, as this created stronger financial institutions and...
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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