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Bank Industry Risk Analysis: Spain Jan 00
Standard & Poors, Jan 2000
Abstract
Spanish financial institutions have coped well with increased competition, and have adapted successfully to a low interest rate environment. Having experienced a long period of consolidation subsequent to the end of the deregulation process of the late 1980s and, more recently, the introduction of the European single currency, the banking system has lost its previously healthy interest margins, but is now better equipped to compete in the single European market for banking services. In 1999, with the creation of two big groups out of the four largest banks in the system, Spanish banks made substantial headway in their consolidation process, thus anticipating similar moves in other European markets in preparation for broader pan-European consolidation. The banks' net interest margins narrowed...
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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