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Bank Industry Risk Analysis: Slovakia Aug 98
Standard & Poors, Aug 1998
Abstract
28 at March 31, 1998 Slovak koruna (Sk) 366.3 billion (US$10.2 billion) at year-end 1997 Sk81,400 (US$2,260) Sk36 to US$1 at Dec. 31, 1997 The National Bank of Slovakia (NBS) is responsible for monetary policy and bank supervision. The governor of the NBS is Mr. Vladimir Masar, originally appointed in 1993. Mr. Jozef Mudrik, vice-governor of the NBS, was appointed head of supervision in 1995. Standard & Poor's assessment of the Slovak banking system is based on its overall weakness. This reflects the financial health of the three largest financial institutions, which together hold almost 51% of total banking assets. Financial institutions other than the state-controlled banks are far more robust, however. The financial system is still dominated by the...
Companies mentioned in this report are: ING Bank N.V.,Tatra Banka,Vseobecna Uverova Banka, a.s.,Investicna a Rozvojova Banka (IRB),Polnobanka,Slovenska Sporitelna A.S. (Unsolicited Ratings)
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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