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Banca Popolare dell'Alto Adige
Standard & Poors, May 2011
Abstract
Low risk profile linked to its focus on the autonomous Trentino Alto Adige region. Asset quality metrics improving more than for domestic peers. Sound capitalization. Limited business and geographic diversification. High cost base. Modest profitability. The ratings on Banca Popolare dell'Alto Adige (BPAA) reflect its deeply rooted presence in the autonomous region of Trentino Alto Adige, one of the wealthiest autonomous northern Italian regions. BPAA's asset quality metrics improving more than peers' and sound capitalization also support the ratings, in Standard & Poor's Ratings Services' view. The ratings are constrained by the bank's limited business and geographic diversification, albeit in wealthy regions, a high cost base, and modest profitability. BPAA is a local savings bank with high market shares (11%...
Companies mentioned in this report are: Banca Popolare dell'Alto Adige
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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