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VP Bank Verwaltungs- und Privat-Bank AG Oct 10
Standard & Poors, Oct 2010
Abstract
Favorable financial profile with strong asset quality and strong capitalization. Stable shareholder structure and high systemic importance to the Lichtenstein market Good niche market position with financial intermediaries. Operating performance highly dependent on capital market and client activity. Weak international private banking franchise and net new money generation. Sizable reputational and operational risks in line with private bank peers. The ratings on VP Bank Verwaltungs- und Privat-Bank AG (VP), which is based in the Principality of Liechtenstein (AAA/Stable/A-1+), reflect the bank's solid financial profile. This is characterized by strong asset quality and capitalization. Moreover, VP has a stable shareholder structure, high systemic importance to the Lichtenstein market, and enjoys a good niche market position with financial intermediaries. Those factors mitigate...
Companies mentioned in this report are: VP Bank Verwaltungs- und Privat-Bank AG
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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