Summary: Banco Bilbao Vizcaya Argentaria, Chile y Filiales May 11
- ID: 1824532
- May 2011
- Region: Chile
- Standard & Poors
Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria, Chile y Filiales (BBVA Chile) mainly reflect its healthy asset quality indicators and good market position as the sixth-largest bank, in loans, in the Chilean banking system. The ratings also consider that BBVA Chile is a strategically important subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Negative/A-1+), and the financial flexibility this relationship provides. The rating on BBVA Chile reflects one notch of support from its parent. The bank's lower-than-average profitability, funding profile concentrated in institutional investors, low capitalization, and high competitive pressures from stronger banks counterbalance the positive factors. BBVA Chile's strategically important status according to our group methodology reflects several factors, including BBVA's majority ownership of the...
Companies mentioned in this report are:
- Banco Bilbao Vizcaya Argentaria Chile y Filiales
- Banco Bilbao Vizcaya Argentaria S.A.
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