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Banco Indusval S.A.
Standard & Poors, April 2007
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
Abstract
Focus on its niche with middle-market clients Strong liquidity Good profitability Good track record regarding asset quality Intrinsic vulnerabilities of a small bank operating in Brazil with concentration on assets and funding Challenged to search for lower cost and diversified funding The competitive market could put pressure on its profitability given reduced spreads Standard & Poor's Ratings Services' ratings on Banco Indusval S.A. (Indusval) reflect the challenge of searching for a lower cost and diversified funding base and to gain scale to minimize the pressure on the bank's profitability, given reduced spreads. These credit risk factors are partially offset by Indusval's good position as a niche bank in the middle-market segment, relying on the agility of its decision-making process and...
Companies mentioned in this report are: Banco Indusval S.A.,HSBC Bank Brasil S.A.
Action: Review
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