Shinhan Bank Apr 11
Standard & Poors, April 2011
Abstract
Strong market position as Korea's third-largest commercial bank Well-diversified revenue structure at the group level Good record in managing credit risk Relatively large exposure to construction and real estate/leasing businesses Pressure on profitability due to stiffening competition Potential pressure on asset quality from high household debt in a rising interest rate environment The ratings on Shinhan Bank (A-/Stable/A-2) reflect Shinhan's strong position in Korea's financial market, well-diversified revenue structure at the group level, and good record in managing credit risk. These strengths are offset by the bank's relatively large exposure to the high-risk construction and real estate/leasing sectors as compared with domestic peers, pressure on profitability, and potential pressure on asset quality from high household debt in a rising interest...
Companies mentioned in this report are: Shinhan Bank,Shinhan Card Co. Ltd.
Action: Review
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: Full Analysis
Shinhan Bank,Shinhan Card Co. Ltd.
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