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Banco de Credito e Inversiones May 11
Standard & Poors, May 2011
Abstract
Strong franchise and competitive position in the Chilean financial system Diversified portfolio mix and healthy asset quality Large, stable, and relatively low-cost deposit base Operating in Chile's low-risk political and regulatory environment Good profitability High competitive pressures in the Chilean banking industry Standard & Poor's Ratings Services' ratings on Banco de Credito e Inversiones (BCI) reflect BCI's strong market position as the fourth-largest bank in the relatively low-risk Chilean banking industry, well-diversified business lines, stable and relatively low-cost deposit base as a main funding source, and good financial risk profile. We base this profile mainly on the bank's healthy asset quality, good profitability, and adequate capitalization. The high competitive pressures in the Chilean banking system partly offset these strengths. BCI's...
Companies mentioned in this report are: Banco de Credito e Inversiones
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
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