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Bank Industry Risk Analysis: Croatia (Republic Of) Mar 05
Standard & Poors, March 2005
Abstract
The banking system of the Republic of Croatia (foreign currency, BBB/Stable/A-3; local currency, BBB+/Stable/A-2) is strengthening, and is now relatively settled, following the recent period of economic stability and investment by foreign banks. The economic and industry risks in the system, caused by regional political turbulence and bank failures, have reduced, but are still higher than average, and comparable with several new EU member countries. The industry has been profoundly rehabilitated, restructured, and privatized. The financial profile of the banking system is satisfactory, and trends are positive. Risks evident in 2002 and 2003 pertaining to rapid expansion of total credit are abating--although retail lending expansion remains high. Risks relating to rising net external liabilities also reduced in 2004, as the...
Companies mentioned in this report are: Bayerische Landesbank,UniCredit SpA,Slovak Republic,Intesa Sanpaolo SpA,OTP Bank PLC,Latvia (Republic of),Croatia (Republic of),Lithuania (Republic of),Zagrebacka banka dd,Hrvatska Elektroprivreda d.d.,Bulgaria (Republic of),Erste Group Bank AG,Hrvatska banka za obnovu i razvitak
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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