China Construction Bank Corp. Dec 08
- ID: 1791073
- December 2008
- Region: China
- Standard & Poors
Government support Strong domestic brand recognition Sound financial profile Developing credit culture Latent credit risk associated with rapidly growing loan portfolio Under-tested risk management The ratings on China Construction Bank Corp. (CCB) reflect the bank's strong domestic brand recognition and sound financial profile, as demonstrated by its adequate asset quality, good profitability, and strong liquidity profile. Strong government support remains a rating factor. Offsetting these strengths are its developing credit culture, latent credit risk associated with its rapidly growing loan portfolio, and under-tested management. CCB is the second largest commercial bank in China. With its extensive nationwide network, the bank has strong positions in corporate banking (for infrastructure, real-estate and transportation projects) and retail mortgage lending. CCB also continues to...
Companies mentioned in this report are:
- China Construction Bank Corp.
- Bank of America Corp.
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