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Banco Santander Central Hispano, S.A. Aug 05
Standard & Poors, Aug 2005
Abstract
A well-diversified geographic and business profile; Solid positions in core markets; Strong, albeit aggressive, management and a clear strategic focus; A sound operating-profitability track record; and Tight credit risk management and healthy asset quality in the European businesses. High credit risk arising from investments in Latin America, Tight capital management, The U.K. subsidiary's weaker profitability than that of peers, and; Market risk resulting from equity holdings. With a clear strategic focus and strong management capabilities, Banco Santander Central Hispano, S.A. (Santander) has achieved a well-diversified geographic and business profile. It has consolidated its leading positions in most segments of the Spanish banking system and gained strong market shares in all of the main Latin American financial systems. The bank is...
Companies mentioned in this report are: Banco Santander S.A.,Santander UK PLC,Banco Espanol de Credito S.A.,RL LA Ltd.,Santander Consumer Finance, S.A.,Santander Totta SGPS,Banco Santander Totta S.A.
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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