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Bank Industry Risk Analysis: Hellenic Republic (Greece) Dec 99
Standard & Poors, Dec 1999
Abstract
Standard & Poor's holds a dynamic view of the improvements seen in the Hellenic Republic banking system's economic and industry risk in the past two years. The risks currently associated with Greek banks are not uncommon to any bank operating in systems that are undergoing transformation. Unique to Greek banks, however, are the economic and industry risk challenges posed by the momentum of the country's anticipated membership in the EMU. The Greek banking system has been experiencing the effects of increased competition unleashed by deregulation and liberalization over the past several years. Significant progress in the sophistication of product ranges, technology, risk management, and management information systems in recent years continues to evolve, while a flurry of mergers and acquisitions...
Companies mentioned in this report are: BNP Paribas,Hellenic Republic,Agricultural Bank of Greece S.A.,National Bank of Greece S.A.,Ionian & Popular Bank of Greece S.A.,Emporiki Bank of Greece S.A.,EFG Eurobank Ergasias S.A.,Bank of Cyprus
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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