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Bank Industry Risk Analysis: Germany Oct 00
Standard & Poors, Oct 2000
Abstract
While the German commercial banks' efforts to create a domestic champion have failed miserably during 2000, the structural problems have not gone away. With more than 3,000 banks, including about 2,000 cooperative and almost 600 public sector banks, the industry is highly fragmented and overbanked, but ranks among the most competitive in Europe. Intensifying competition and the low and flattening interest rate environment have put increasing pressure on the banks' profit margins, especially in their traditional banking operations. At the same time, their high cost base caused by an oversized and expensive workforce and branch networks and the ever-increasing need to maintain and improve the banks- strategically crucial IT systems have put additional pressure on the cost side. Consequently, cost-to-income...
Companies mentioned in this report are: Deutsche Bank AG,Goldman Sachs & Co.,Landesbank Hessen-Thueringen Girozentrale,Skandinaviska Enskilda Banken AB (publ),Bayerische Landesbank,Germany (Federal Republic of) (Unsolicited Ratings),Commerzbank AG,Rheinland-Pfalz Bank,UniCredit Bank Austria AG,WestLB Finance Nederland B.V.,HSBC Holdings PLC,DekaBank Deutsche Girozentrale,UniCredit Bank AG,Landeskreditbank Baden-Wuerttemberg - Foerderbank (L-Bank),Landesbank Baden-Wuerttemberg
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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