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Bank Industry Risk Analysis: Romania (Republic of) Jun 06
Standard & Poors, June 2006
Abstract
Good economic growth prospects supporting the banking sector's development, Progressing modernization led by foreign strategic shareholders, and Strengthening regulatory base. Asset quality exposed to the negative consequences of industrial restructuring and weak legal infrastructure, Limited operating flexibility influenced by tight monetary regulation, Credit exposures vulnerable to adverse foreign currency moves, and Financial performance under increased competitive pressure. The banking sector in the Republic of Romania (local currency, BBB/Stable/A-3; foreign currency, BBB-/Stable/A-3) is moving toward greater stability and creditworthiness, although the economic and industry risks facing the system remain high. Political stability and improved economic management have supported relatively strong banking industry growth over the past five years. This growth has been enhanced by increased liquidity as confidence in the banking...
Companies mentioned in this report are: Societe Generale,Romania,National Bank of Romania,Banca Comerciala Romana,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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