JSC Kazkommertsbank Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
- Language: English
- Published: April 2012
The ratings on Kazakhstan-based Kazkommertsbank (JSC) (KKB) reflect the rapid loan growth and significant concentrations in lending and funding in a high-risk economic and banking environment. Furthermore, fast loan growth has pressurized capitalization, which needs to be addressed soon. KKB has been using Kazakhstan's improved economic prospects to its advantage, attracting primary funds as well as international debt to fund its growing profitable lending business. The decision of the European Bank for Reconstruction and Development (EBRD; AAA/Stable/A-1+) to invest into the equity of KKB has improved KKB's corporate governance. Despite being the leading bank in Kazakhstan, KKB is still small by international standards, and vulnerable to single-party concentrations. This reflects the nature of the Kazakh economy, which is focused on...
Companies mentioned in this report are: Kazkommertsbank (JSC)
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.
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.
SHOW LESS READ MORE >