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Banco Continental S.A. Aug 07
Standard & Poors, Aug 2007
Abstract
Privileged market participation, controlling abut 25% of the Peruvian financial system Owned by a committed group of shareholders, including BBVA Group and Grupo Brescia Solid financial performance Risks embedded in the Peruvian environment The increasingly competitive Peruvian environment pressures margins Though gradually growing, lower-than-expected fee income The rating on Banco Continental S.A. reflects the bank's strong competitive position in the Peruvian financial system, a sound management team, a committed group of shareholders, and the bank's solid financial profile. The bank's financial strength is evidenced by adequate capitalization, healthy asset quality indicators, good profitability and operating efficiencies, and ample liquidity. These strengths are counterbalanced by the bank's exposure to Peruvian country risks, and the challenge to increase fee income and maintain...
Companies mentioned in this report are: Banco Continental S.A.
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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