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The Bank of East Asia, Limited Jun 11
Standard & Poors, June 2011
Abstract
Strong capitalization Good liquidity profile Solid domestic franchise Pressured core profitability High concentration risk The ratings on The Bank of East Asia, Limited (BEA) reflect the Hong Kong-based bank's strong capitalization, good liquidity profile, and solid domestic franchise in Hong Kong. The bank's pressured core earnings and high concentration risk from property-related lending moderate these strengths. BEA's expansion in China provides opportunities for growth, but also exposes the bank to higher banking industry risk in a country with a developing economy. BEA continues to focus on its core markets of Hong Kong and China. Hong Kong accounted for 50.9% of the bank's total loan book at the end of 2010, whereas China accounted for 38.1%. BEA has a solid and...
Companies mentioned in this report are: The Bank of East Asia Ltd.,The Bank of East Asia (China) Limited
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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