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Bank Industry Risk Analysis: Germany (Federal Republic of) Dec 01
Standard & Poors, Dec 2001
Abstract
The German banking system continues to suffer from both cyclical and, in particular, structural problems, which had only been masked by more favorable market conditions until early 2000. German banks' business and risk profiles have weakened steadily in recent years as a result of: Fierce competition in a highly fragmented market; Unfavorably high levels of operating expenses; Growing investment needs in their IT systems; Comparatively high provisioning needs for corporate and real estate lending; Low domestic lending margins; and Growing customer demands and sophistication. Main areas of concern remain retail and corporate banking, which are still dominated by nonprofit oriented savings and cooperative banks, and domestic real estate lending, which has in many cases been unprofitable for years as a...
Companies mentioned in this report are: Deutsche Bank AG,Dresdner Bank AG,Landesbank Hessen-Thueringen Girozentrale,Skandinaviska Enskilda Banken AB (publ),Bayerische Landesbank,Germany (Federal Republic of) (Unsolicited Ratings),Commerzbank AG,Rheinland-Pfalz Bank,Allianz SE,DekaBank Deutsche Girozentrale,Landwirtschaftliche Rentenbank,COREALCREDIT BANK AG,UniCredit Bank AG,Deutsche Genossenschafts-Hypothekenbank 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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