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Bank Industry Risk Analysis: Estonia (Republic of) Jun 06
Standard & Poors, June 2006
Abstract
Strong foreign ownership that provides support for growth and capitalization Sustained macroeconomic growth Good asset quality indicators relative to credit expansion Supportive central bank and good regulation Good banking sector profitability Immature banking sector, which in terms of credit risk exposure and asset quality remains relatively untested in an economic downturn Risk of economic overheating in a context of extreme credit expansion Vast asset price inflation and shortage of labor Acute economic vulnerability to external shocks In a global context, Standard & Poor's Ratings Services considers the Estonian banking sector to be moderately risky, as denoted by its Bank Industry Country Risk Assessment (BICRA) ranking. The system occupies group five (out of 10, one representing the strongest) in the BICRA...
Companies mentioned in this report are: Sampo Bank PLC,Skandinaviska Enskilda Banken AB (publ),Swedbank AB,Estonia (Republic of),Eesti Uhispank,Nordea Bank AB
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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