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Banco Ahorro Famsa S.A. Institucion De Banca Multiple Jun 11
Standard & Poors, June 2011
Abstract
Adequate funding, liquidity, and capital Origination and collection processes tied to long-term known borrowers of Famsa stores Short track record, with modest earning levels and poor asset quality Concentration in credit cards granted to Grupo Famsa's retail network Target sales in the group's stores could influence the bank's business The ratings on Banco Ahorro Famsa S.A. Institucion De Banca Multiple (BAF) reflect its high concentration in credit cards for Famsa stores, its short track record in the banking industry, and its weak asset quality compared with the sector. The high integration between the bank and its group generates strategic, growth, and risk management benefits for BAF. Additionally, BAF has achieved adequate funding, liquidity, and capital. However, we believe that the...
Companies mentioned in this report are: BANCO AHORRO FAMSA, S.A., INSTITUCION DE BANCA MULTI,Grupo Famsa, S.A.B. de C.V.
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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