|
|
 |
|
Viewing report
|
|
|
|
Banking Industry Country Risk Assessment On Kazakhstan Affirmed In Group 8 Jul 08
Standard & Poors, July 2008
Abstract
PARIS (Standard & Poor's) July 28, 2008--Standard & Poor's Ratings Services said today that it had affirmed its Banking Industry Country Risk Assessment (BICRA) on Kazakhstan in Group 8. At the same time, Standard & Poor's affirmed its estimate of the incidence of gross problematic assets (GPAs) in the Kazakh financial system under a reasonable (but not catastrophic) scenario of economic recession at 35%-50%. 'The ongoing severe banking market readjustment in Kazakhstan since August 2007 is the consequence of challenges related to the rapid growth of Kazakh banks in the last decade, their high dependence on foreign financing, concentration risks, and weak risk management, plus the substantial dollarization of loans and deposits in Kazakhstan, insufficient regulatory responses, and other structural...
Companies mentioned in this report are: Republic of Kazakhstan,Kazkommertsbank (JSC),Halyk Savings Bank of Kazakhstan,JSC AsiaCredit Bank,BTA Bank J.S.C.,JSC Nurbank,ATF Bank,Development Bank of Kazakhstan,Tsesna Bank,BTA Ipoteka Mortgage Co.,Alliance Bank JSC,JSC Eurasian Bank,Temirbank JSC,KazInvestBank,ORDA Credit
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
