Summary: PT Lippo Bank Tbk
- ID: 1782171
- December 2007
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The public information rating on PT Bank Lippo Tbk. (Lippo Bank) reflects Indonesia's banking sector inherently high-risk operating environment and its weak asset quality by international standards. Partly offsetting these weaknesses are the bank's improving market position in the domestic market, healthy profits, and the focused business strategy of the new management team put in place by Malaysia's Khazanah Nasional Bhd. (Khazanah). Lippo Bank ranks among the top 10 commercial banks in Indonesia, with an asset size of Indonesian rupiah (IDR) 37,325 billion as at June 2007, and has a nationwide distribution network of 398 offices and 687 ATMs. In October 2005, Lippo Bank underwent a change in ownership when Khazanah, the investment holding arm of the Malaysian government, acquired...
Companies mentioned in this report are: PT Bank CIMB Niaga Tbk. (Unsolicited Ratings)
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