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Bank Industry Risk Analysis: Positive Momentum For Israeli Banks, Despite Environmental Setbacks Jan 08
Standard & Poors, Jan 2008
Abstract
Sophisticated banking market and high financial intermediation compared with peers' Strong regulatory supervision and conservative credit standards Strong government support for maintaining the stability of the banking system, viewed as a strategic sector Now virtually complete privatization, with banks removed from public policy roles Diversified banks with significant foreign operations in developed countries Still-risky operating environment Modest competition between banks because of a highly concentrated system with limited foreign players Limited growth opportunities, with increasing competition from capital markets Israel has a sophisticated financial sector, with a relatively high level of intermediation. Domestic banks have been benefiting from sustained economic growth in recent years, following losses in 2002 associated with the domestic political situation and the global recession. These trends...
Companies mentioned in this report are: Deutsche Bank AG,HSBC Bank PLC,BNP Paribas,Israel (State of),State Bank of India,Citigroup Inc.,Bank Leumi le-Israel B.M.,Bank Hapoalim B.M.,UBS 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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