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Bank Industry Risk Analysis: Czech Republic Mar 03
Standard & Poors, March 2003
Abstract
The rehabilitation of the Czech banking system, following the severe economic problems of the late 1990s, has almost run its course. The banking system is benefiting from economic stabilization and growth, as well as structural reforms and ownership changes. Consequently, the high economic and industry risks, which dominated the banking system for most of the past decade, since the introduction of a market-based economy in the Czech Republic, have lifted. Nevertheless, as the system matures and competition increases, it will face many challenges. In the short to medium term, the following factors will be crucial in forming the foundations of a more robust banking system to withstand economic shocks more readily in the future: Generation of sustainable core revenues from...
Companies mentioned in this report are: Societe Generale,ING BHF-Bank AG,UniCredit SpA,Czech Republic,Komercni Banka A.S.,Ceska Sporitelna A.S.,KBC Bank N.V.,Erste Group Bank AG,Ceska pojistovna a.s.,Ceska podnikatelska pojistovna as
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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