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Banco De Oro Unibank Inc. Dec 08
Standard & Poors, Dec 2008
Abstract
Weak asset quality, although expected to improve through rehabilitation and recovery efforts Downward pressure on capitalization Strong market position as one of the largest domestic banks Increasingly diversified business and earnings profile following completion of merger The counterparty credit ratings on Banco de Oro Unibank Inc. (BDO) reflect the bank's strengthened market position and franchise within the Philippine banking industry, and its increasingly diversified business and earnings profile. While the enlarged market presence and distribution network places BDO at a stronger competitive position in its corporate, mid-market, and consumer businesses, these strengths are moderated by downward pressure on capitalization arising from merger-related integration expenses and the comparatively inferior asset quality of the combined entity's enlarged loan book. BDO became one...
Companies mentioned in this report are: Banco De Oro Unibank Inc. (Unsolicited Ratings)
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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