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Asset Quality Issues For Kazakh Banks Are Manageable And Within Scope Of Current Rating Levels Apr 08
Standard & Poors, April 2008
Abstract
On April 29, 2008, Standard & Poor's Ratings Services affirmed its counterparty credit ratings on 12 Kazakh banks. (See 'Ratings Affirmed On 12 Kazakh Banks Following Outlook Revision On Sovereign,' published on RatingsDirect.) Standard & Poor's continues to closely monitor the way Kazakh banks handle ongoing liquidity and asset quality pressures. Although asset quality continues to deteriorate, we consider that problems are manageable, due to the loss absorption capacity of the banks and ongoing state support. Standard & Poor's expected this deterioration in asset quality, given that the former fast loan growth can no longer flatter nonperforming loan (NPL) ratios and the natural seasoning effect of loans. We will continue to evaluate the situation, and any signs of material deterioration...
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,Tsesna Bank,BTA Ipoteka Mortgage Co.,Alliance Bank JSC,JSC Eurasian Bank,Temirbank JSC,KazInvestBank
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.
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