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Bank Industry Risk Analysis: Estonia (Republic of) Jun 04
Standard & Poors, June 2004
Abstract
The economic and industry risks of the Estonian banking system have abated in recent years. They remain on a par with, or somewhat lower than, those of most of its continental new EU country peers, but lower than those of its Baltic neighbors, Latvia and Lithuania. Estonia is enjoying robust economic growth, owing to the successful use of market-oriented policies since independence. The financial profile of the leading banks has strengthened, supported, in most cases and at varying degrees, by the transfer of skills from sound, investment-grade, Nordic owners. Their commitment to the Baltic region has cemented over time, providing a very high level of concentration in the sector, and private sector discipline has contributed to increasingly sharp competition. The...
Companies mentioned in this report are: Finland (Republic of),Sampo Bank PLC,Skandinaviska Enskilda Banken AB (publ),Swedbank AB,Estonia (Republic of),Vilniaus Bankas,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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