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Banco De Oro Unibank Inc. Nov 10
Standard & Poors, Nov 2010
Abstract
Possible deterioration in asset quality from rapid loan growth Downward pressure on capitalization due to aggressive expansion strategy Strong market position as the largest bank in the Philippines, with a progressive management team Increasingly diversified business and earnings profile from both interest and noninterest streams The counterparty credit ratings on Banco de Oro Unibank Inc. (BDO) reflect our view that the bank's aggressive growth strategy, if not managed well, could strain its capital base and may lead its asset quality to deteriorate. The bank's strengthened market position and franchise within the Philippine banking industry, and its increasingly diversified business and earnings profile, temper these weaknesses. Standard & Poor's believes the bank's core earnings capability will continue to strengthen over the...
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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