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Banco Continental S.A. May 11
Standard & Poors, May 2011
Abstract
Strong market position as the second-largest bank in Peru Large, stable, and relatively low-cost deposit base High profitability and liquidity, and healthy asset quality Ownership by a committed group of shareholders, including BBVA Group and Grupo Brescia Risks embedded in the Peruvian economy High competitive pressures in the country's financial system Standard & Poor's Ratings Services' 'BBB-/A-3' counterparty credit ratings on Banco Continental S.A. mainly reflect the bank's strong market position as the second-largest player in the Peruvian financial system, sound management team, and solid financial risk profile. The bank's financial strength is evidenced mainly by its ample, stable, and low-cost deposit base as its bank's main funding source; high profitability and liquidity; healthy asset quality indicators; and good operating...
Companies mentioned in this report are: Banco Continental S.A.,Peru (Republic of),Banco Bilbao Vizcaya Argentaria S.A.
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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