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Bank Industry Risk Analysis: Spain (Kingdom of) Mar 06
Standard & Poors, March 2006
Abstract
Good economic growth prospects, Strong profitability, Dynamic retail banking market, Strong asset quality indicators, and Proactive banking regulation and supervision. Vulnerability to a sharp decrease in real estate prices, Dangers inherent in the rapid pace of debt accumulation, Relatively large equity holdings, and Exposure of large banks and companies to Latin America. The Spanish banking industry is among the healthiest in Europe and has a demonstrated capacity to adapt to substantial changes in the operating and economic environment. The system is competitive, dynamic, and sophisticated, recording healthy returns and enjoying sound asset quality. Market consolidation has created strong, efficient, and competitive financial institutions that stand out among their European peers in terms of their expertise in retail banking. Spanish banks...
Companies mentioned in this report are: Kingdom of Spain,Banco Santander S.A.,Caja de Ahorros y Monte de Piedad de Madrid,Banco Espanol de Credito S.A.,Bankinter S.A.,Caja de Ahorros y Pensiones de Barcelona,Banco de Sabadell S.A.,Banco de Credito Local de Espana S.A.,Banco Popular Espanol S.A.,Banco Pastor, S.A.,Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastian (Kutxa),Caja de Ahorros y Monte de Piedad de Zaragoza Aragon y Rioja (IBERCAJA),Banco Bilbao Vizcaya Argentaria S.A.,Santander Consumer Finance, S.A.
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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