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Banco Continental S.A. Sep 08
Standard & Poors, Sep 2008
Abstract
Privileged market participation as the second-largest bank in Peru Solid financial risk profile Large, stable, and relatively low-cost deposit base Ownership by a committed group of shareholders, including BBVA Group and Grupo Brescia Operating efficiency enhanced by BBVA Group Risks embedded in the Peruvian environment Increasing competitive pressures in the Peruvian financial system Relatively weak capitalization The 'BBB-' long-term counterparty credit rating on Banco Continental S.A. mainly reflects the bank's strong market position as the second-largest player in the Peruvian financial system, a sound management team, and its solid financial risk profile. The bank's financial strength is evidenced mainly by its ample, stable, and low-cost deposit base, which represents the bank's main funding source; its high profitability and liquidity; healthy...
Companies mentioned in this report are: Banco Continental S.A.,Banco Bilbao Vizcaya Argentaria 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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