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Bank Industry Risk Analysis: Kazakhstan (Republic of)
Standard & Poors, Aug 2004
Abstract
Improvements in the economic and operating environment in the Republic of Kazakhstan (local currency BBB/Stable/A-3, foreign currency BBB-/Stable/A-3) over the past five years have led to enhanced creditworthiness and commercial profiles for the domestic banking sector. Although its economic and industry risks still remain relatively high, Kazakhstan's banking system is several steps ahead of the weaker banking systems of Russia and other members of the Commonwealth of Independent States (CIS). The Kazakh banking system has been experiencing enhanced activity on the back of the economic revival since mid-2000. This is reinforced by increased liquidity entering the system as confidence in the banking system improves. Economic growth has been robust for the past several years, and is expected to remain sound...
Companies mentioned in this report are: Kazkommertsbank (JSC),Halyk Savings Bank of Kazakhstan,JSC AsiaCredit Bank,BTA Bank J.S.C.,JSC Nurbank,ATF Bank,Kazkommerts International B.V.,Development Bank of Kazakhstan
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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