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Shizuoka Bank Ltd. Dec 10

  • ID: 1802516
  • December 2010
  • Standard & Poors
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Extremely strong capitalization and high Tier 1 capital ratio by international comparison Relatively good asset quality Strong business franchise in its home region Adequate risk management system Relatively weak profitability for the ratings Shizuoka Bank Ltd. (AA-/Stable/A-1+) had a Tier 1 capital ratio of 14.2% as of Sept. 30, 2010, which is high by international comparison. Capital quality is also good, with no preferred securities, which are less likely to absorb losses than common shares. Furthermore, the bank posted limited deferred-tax assets, which indirectly boosted its Tier 1 capital. As of Sept. 30, 2010, Shizuoka Bank's ratio of net nonperforming loans (NPLs), after eliminating loan loss reserves to total loans, stood at 2.35%, which is higher than the 1.82% average...

Companies mentioned in this report are: Shizuoka Bank Ltd.,Chiba Bank Ltd.
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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Shizuoka Bank Ltd.,Chiba Bank Ltd.

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