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Bank Industry Risk Analysis: Chile Apr 96
Standard & Poors, April 1996
Abstract
In Standard&Poor's view, the Chilean banking system is the strongest in Latin America and amont the stronges in the emerging markets. This assessment is due to rigorous supervision, good overall asset quality, increasing sophistication and a history of systemic support. The system is also bolstered by Chile's well-developed domestic capital markets. Yet despite these positive factors, the system continues to be burdened by deuda subordinada (remnant claims on banks' profits from the 1980s banking crisis), by rapid loan growth, and by restricted access to international capital markets. The Chilean banking system comprises 14 domestic and 17 foreign banks and 3 finance companies. Up until 1973, when the military seized the government, the majority of the nation's banks were government owned....
Companies mentioned in this report are: Bank of America Corp.,Republic National Bank of New York (Canada),American Express Bank Ltd.,Chile (Republic of),Banco del Estado de Chile,Banco de Chile,Banco Santander-Chile S.A.,Banco do Brasil S.A,Banco do Estado de Sao Paulo S.A.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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