BNP Paribas (China) Ltd. Nov 10
Standard & Poors, November 2010
Abstract
Core member of BNP Paribas Good asset quality Solid capitalization Heavy reliance on non-core deposit funding Concentration in the competitive and volatile wholesale banking business Moderate profitability with volatile earnings The ratings on BNP Paribas (China) Ltd. reflect the bank's status as a core subsidiary of BNP Paribas (BNPP; AA/Negative/A-1+). On a stand-alone basis, the ratings reflect the bank's good asset quality and solid capitalization. These strengths are underpinned by the benefits BNPP (China) receives from its parent in terms of senior personnel, risk management, and a strong franchise in corporate and investment banking. These strengths are balanced by the bank's heavy reliance on non-core deposit funding, concentration in the highly competitive and volatile wholesale banking business, and a moderate...
Companies mentioned in this report are:
- BNP Paribas (China) Ltd.
- BNP Paribas
- China (People's Republic of )
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
- BNP Paribas (China) Ltd.
- BNP Paribas
- China (People's Republic of )
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