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BancWest Corp. Dec 03
Standard & Poors, Dec 2003
Abstract
Subsidiary of BNP Paribas Improving asset quality Improved funding profile Weakened tangible capital levels Exposure to higher risk asset classes BancWest Corp.'s (BancWest) ratings, along with those of its subsidiaries (Bank of the West and First Hawaiian Bank), incorporate the holding company's status as an indirect, wholly owned subsidiary of the French banking group BNP Paribas. BNP Paribas established 100% ownership of BancWest Corp. on Dec. 20, 2001, and the ratings reflect BancWest's strategic importance to its parent. Honolulu, Hawaii-based BancWest is BNP Paribas' primary U.S.-based banking group with $37.4 billion in assets (as of Sept. 30, 2003) generated across a broad footprint that covers much of the West Coast and Hawaii. The company's financial performance reflects the strength of...
Companies mentioned in this report are: BancWest Corp.,BNP Paribas,BNP Paribas Canada,First Hawaiian Bank,Bank of the West,Natiocredibail,Natiocredimurs,BNP Paribas Personal Finance,Pinnacle Insurance PLC,First Hawaiian Capital I,BNP U.S. Funding Ltd. Liability Co.,BNP Paribas Lease Group,BancWest Capital I,Findomestic Banca SpA,BNP Paribas US Medium-Term Note Program LLC,BNP Paribas US Structured Medium-Term Note Program LLC
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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