• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Veneto Banca Holding S.C.P.A. Dec 09 Product Image

Veneto Banca Holding S.C.P.A. Dec 09

  • Published: December 2009
  • Standard & Poors

FEATURED COMPANIES

Abstract
Strong local franchise. Good financial flexibility thanks to shareholder support. Track record in integrating past acquisitions. Corporate loan portfolio vulnerable to a further deterioration of economy. Cost-heavy group structure resulting from acquisitions. Weaker asset quality of acquired units. The counterparty credit ratings on Italy-based Veneto Banca Holding S.C.P.A. (Veneto Banca) are supported by its strong local franchise in select provinces of northern Italy, significant financial flexibility due to shareholder support, and ability to integrate past acquisitions. Constraining factors are the bank's corporate loan portfolio that increases potential risks in a severe deterioration of economy, a relatively heavy cost structure resulting from the coexistence of acquired units, and the weak asset quality metrics of acquired units and of core subsidiary Banca...

Companies mentioned in this report are:
- Veneto Banca SCPA

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 READ MORE >

- Veneto Banca SCPA

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS