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Bank Industry Risk Analysis: Tightened Liquidity Makes Banks In Kazakhstan Slam On The Brakes Feb 08
Standard & Poors, Feb 2008
Abstract
Strong, but moderating, economic growth Government support of key economic sectors, including the banking sector Regulation above regional standards, though some shortfalls show need for further enhancements Bank focus on developing and diversifying core banking business, not speculative operations Adequate, but undiversified, profitability and wide margins, supported by banks' strong pricing power Small and concentrated economy, vulnerable to external shocks and changes in commodity prices Weakness of banks' wholesale funding model, including high dependence on foreign borrowings Unseasoned and untested lending portfolios, rapidly built up in the recent years of economic prosperity High single-name and industry concentrations in lending and funding Risk management systems lagging behind ambitious business expansion The global liquidity squeeze, starting from mid-2007, has put banks and...
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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