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Bumiputra-Commerce Bank Berhad Nov 04
Standard & Poors, Nov 2004
Abstract
Respectable domestic market franchise. Satisfactory financial flexibility. Adequate capitalization and profitability. High level of nonperforming assets Relatively low operating efficiency. Limited revenue diversity. The ratings on Bumiputra-Commerce Bank Berhad (BCB) reflect its respectable domestic market franchise and satisfactory financial flexibility, as well as its adequate capitalization and profitability. These strengths are partly offset by the bank's relatively high level of nonperforming assets (on a three-month overdue basis) in an international context, as well as its relatively lower operating efficiency by domestic industry standards. The diversity of the bank's revenue is also limited, due in part to fewer non-banking affiliates than its peers. BCB is a wholly owned subsidiary of the well-diversified financial holding company, Commerce-Asset Holding Berhad (CAHB), and was...
Companies mentioned in this report are: CIMB Bank Bhd.,CIMB Investment Bank Bhd.
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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