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Bank of Nanjing Co. Ltd. Sep 07
Standard & Poors, Sep 2007
Abstract
The financial profile of Bank of Nanjing Co. Ltd. (Bank of Nanjing), previously known as Nanjing City Commercial Bank, is above average relative to other city commercial banks. The bank has relatively good asset quality and satisfactory profitability by domestic standards. These positive factors are tempered by the bank's expanding special-mention loan balance. The bank also faces concentration risk in its loan portfolio. The bank's information disclosure has improved. Its 2006 financial statements were prepared in accordance with relevant accounting standards and were audited by a 'big four' accounting firm. Bank of Nanjing was established in February 1996. Nanjing is the capital of Jiangsu, a wealthy coastal province in east China. The bank has 60 branches and employs more than...
Companies mentioned in this report are: BNP Paribas
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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