Komercni Banka A.S. Apr 11
Standard & Poors, April 2011
Abstract
Core status within the Société Générale group. One of the top three Czech banks, with a leading position in the corporate segment. Strong profitability resulting from high operational efficiency and declining credit losses. Satisfactory liquidity and capital positions. Geographical concentration. Structurally higher credit risks than in the more mature countries of Western Europe. Stagnant revenues in the currently low interest rate environment. The ratings on Czech Republic-based Komercni Banka A.S. (KB) reflect both its "core" position to its French 60%-owner Société Générale (SocGen; A+/Stable/A-1) and Standard & Poor's Ratings Services' assessment of the bank's stand-alone credit profile (SACP). The main rating constraint are the sovereign ratings on the Czech Republic (foreign currency rating A/Positive/A-1, local currency A+/Stable/A-1). In accordance with...
Companies mentioned in this report are:
- Komercni Banka A.S.
- Societe Generale
Action: Review
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: Full Analysis
- Komercni Banka A.S.
- Societe Generale
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