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Bank Industry Risk Analysis: Czech Republic Dec 04
Standard & Poors, Dec 2004
Abstract
The banking system in the Czech Republic (foreign currency, A-/Stable/A-2; local currency, A/Stable/A-1) has entered a period of stability after the severe economic problems of the late 1990s. The recent impressive recovery in the overall creditworthiness of the banking system reflects the strengthening Czech economy, strong international ownership and managerial support, and stabilization of financial performance. In Standard & Poor's opinion, the most pressing creditworthiness challenge will be the maintenance of strengthened financial performance as the banking sector matures and competition intensifies, allowing the sector to withstand any future economic shocks. Anchored in market reforms and EU accession, the Czech Republic has built a solid foundation for ongoing economic improvements and growing financial intermediation. Structural reform, strong foreign direct investment...
Companies mentioned in this report are: Societe Generale,Czech Republic,Komercni Banka A.S.,Ceska Sporitelna A.S.,KBC Bank N.V.,Erste Group Bank AG
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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