BBVA Bancomer S.A. Jun 11
Standard & Poors, June 2011
Abstract
Strong market position and franchise value Solid financial performance Adequate risk-adjusted capital Higher loan-to-deposit ratio than peers' Operations in the very competitive Mexican market The ratings on Mexico-based universal bank BBVA Bancomer S.A. reflect its predominant position in the country's banking system, solid profitability, and adequate risk-adjusted capital (RAC) ratios. Counterbalancing these positive factors are its higher loan-to-deposit ratio than peers'--though adequate for its current funding profile, in our view--and the country risks related to operating in the highly competitive Mexican banking industry. BBVA Bancomer's business profile has remained strong, in our opinion, benefiting from its prominent market position and strong franchise value in Mexico. BBVA Bancomer held a leading position in loans and deposits, with 26.7% and 23.4% market...
Companies mentioned in this report are:
- BBVA Bancomer S.A.
- BBVA USA Bancshares Inc.
- Compass Bank
- Banco Bilbao Vizcaya Argentaria S.A.
- Compass Loan Holdings Inc.
- Banco Bilbao Vizcaya Argentaria Uruguay
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- Banco Bilbao Vizcaya Argentaria Paraguay S.A.
- Banco Bilbao Vizcaya Argentaria Chile y Filiales
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
- BBVA Bancomer S.A.
- BBVA USA Bancshares Inc.
- Compass Bank
- Banco Bilbao Vizcaya Argentaria S.A.
- Compass Loan Holdings Inc.
- Banco Bilbao Vizcaya Argentaria Uruguay
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- Banco Bilbao Vizcaya Argentaria Paraguay S.A.
- Banco Bilbao Vizcaya Argentaria Chile y Filiales
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