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Banca Agrileasing SpA Jun 11
Standard & Poors, June 2011
Abstract
Core status within Italy's large network of cooperative banks (Banche di Credito Cooperativo; BCCs) as its small and midsize enterprise banking arm. The BCC network's good market position in Italy. BCCs' good liquidity and capitalization. A sound support mechanism that strongly limits BCC depositors' losses. Declining profitability in the BCC network. BCCs' vulnerability to the weak domestic economy, due to the composition of their loan portfolios. Unseasoned loan portfolios and sector loan concentrations in the BCC network. BCCs' often unsophisticated risk culture. Banca Agrileasing's dependence on wholesale funding and its modest capitalization. The ratings on Italy-based Banca Agrileasing SpA primarily reflect its core status in Italy's large network of small cooperative banks (Banche di Credito Cooperativo; BCCs) as its small...
Companies mentioned in this report are: Iccrea BancaImpresa SpA,Iccrea Banca SpA,Iccrea Holding SpA
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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