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Bank Industry Risk Analysis: The Netherlands Sep 03
Standard & Poors, Sep 2003
Abstract
Dutch banks have not been left unscathed by the worsening global economy and by the cyclical downturn in their domestic market. However, their sound fundamentals mitigate concerns about their ability to cope with the current economic slowdown. The Dutch banking sector is one of the most concentrated and internationalized in Europe. A string of mergers in the early 1990s brought about extensive consolidation in the Dutch banking industry, leaving three giants-- ABN AMRO Bank N.V. (ABN AMRO; AA-/Stable/A-1+), ING Bank N.V. (ING; AA-/Stable/A-1+), and Rabobank Nederland (Rabobank; AAA/Stable/A-1+)--which dominate the market. Together, the three largest banks account for about two-thirds of banking business in the Netherlands. Having established a solid domestic base, and with limited room for expansion in the...
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.,AEGON N.V.,ING Bank N.V.,Bank Nederlandse Gemeenten N.V.,Nederlandse Waterschapsbank N.V.,Ageas N.V.,SNS REAAL N.V.,Achmea Holding N.V.,F. van Lanschot Bankiers N.V.
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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