Banco De Oro Unibank Inc. Dec 09
Standard & Poors, December 2009
Abstract
Possible deterioration in asset quality from rapid loans growth; and Downward pressure on capitalization due to aggressive expansion strategy. Strong market position as the largest domestic bank in the Philippines, helmed by a progressive management team; and Increasingly diversified business and earnings profile after 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, we believe the bank's aggressive growth strategy would strain its capital base and might lead to possible deterioration in...
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
Banco De Oro Unibank Inc. (Unsolicited Ratings)
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