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Barclays Bank Ireland PLC Jul 10 Product Image

Barclays Bank Ireland PLC Jul 10

  • Published: July 2010
  • Standard & Poors

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  • Barclays Bank Ireland PLC
  • Barclays Bank Mexico S.A.
  • Barclays Bank PLC
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Abstract
Core subsidiary of 100% owner, Barclays Bank PLC. Well capitalized. Risk systems and processes shared with Barclays Bank PLC. Good liquidity, with no reliance on wholesale funding. Low diversification and concentrated loan book. Niche local market position. Weak economic outlook in Ireland. The ratings on Barclays Bank Ireland PLC (BBI) reflect its satisfactory fundamentals and its position as a core subsidiary of Barclays Bank PLC (Barclays; AA-/Negative/A-1+), which owns 100% of BBI. In Standard & Poor's Ratings Services' view, capitalization is strong and risk management is sound; the latter benefiting from the common approach with Barclays. However, diversification is low, the loan book is concentrated, and we expect the difficult Irish economic environment to continue to test asset quality. BBI...

Companies mentioned in this report are:
- Barclays Bank Ireland PLC
- Barclays Bank PLC
- Barclays Bank S.A.
- Absa Bank Ltd. (Unsolicited Ratings)
- Barclays Private Clients International Ltd.
- Barclays Bank Mexico S.A.
- Barclays PLC

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of READ MORE >

- Barclays Bank Ireland PLC
- Barclays Bank PLC
- Barclays Bank S.A.
- Absa Bank Ltd. (Unsolicited Ratings)
- Barclays Private Clients International Ltd.
- Barclays Bank Mexico S.A.
- Barclays PLC

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