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Viewing report
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Bank of America (Asia) Ltd. Nov 01
Standard & Poors, Nov 2001
Abstract
The public information ('pi') rating on Bank of America (Asia) Ltd. reflects its good asset quality and strong capitalization. These factors, however, are offset by the bank's reduced profitability and small share of the domestic Hong Kong market. The bank's liquidity remains manageable. Bank of America (Asia) Ltd. (BOA-Asia) is a subsidiary of U.S.-based Bank of America Corp. (A+/Stable/A-1), one of the largest banks in the U.S. with total assets of US$633 billion. BOA-Asia has two subsidiaries and one associated company, Hongkong & Shanghai Insurance Co. Ltd. (A+). Incorporated in Hong Kong, BOA-Asia is a consumer and commercial bank with 16 branches in Hong Kong and one in Macau. Although BOA-Asia's return on average assets (ROAA) has been consistently good...
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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