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Banco de Chile S.A. Dec 08
Standard & Poors, Dec 2008
Abstract
Strong franchise and competitive position in the Chilean financial system Diversified portfolio mix and strong asset quality High profitability Operating in Chile's low-risk political and regulatory environment Very competitive pressures on the Chilean banking industry Potential vulnerability to global financial turmoil Standard & Poor's Ratings Services' ratings on Banco de Chile S.A. mainly reflect the bank's strong market position within the competitive Chilean banking industry, its well-diversified business lines, and its good financial profile, including its high profitability, healthy asset quality, good operating efficiency, and adequate capitalization. These strengths are partially offset by high competitive pressures in Chile's banking system and the potential indirect negative effects from the more-adverse financial and economic environment, which could affect the bank's asset and...
Companies mentioned in this report are: Banco de Chile,BNP Paribas,Citibank N.A.,Chile (Republic of),Banco del Estado de Chile,Quinenco S.A.,China Development Bank,Banco Santander-Chile S.A.,Banca Nazionale del Lavoro SpA
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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