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Bank Industry Risk Analysis: Serbian Banks Buoyed By Foreign Support, But Economic Risks Remain Sep 07
Standard & Poors, Sep 2007
Abstract
Good macroeconomic growth potential, supported by prospects of EU integration in the medium term Support from foreign shareholders Good profitable prospects and improving efficiency Strengthened bank regulation and supervision environment Political and macroeconomic uncertainties, in particular weak external position Asset quality vulnerable to rapid credit growth Limited operating flexibility due to tight regulatory requirements Credit exposures vulnerable to adverse foreign-currency movements Standard & Poor's Ratings Services considers the banking system in the Republic of Serbia (BB-/Stable/B) to be riskier than its neighboring countries, the Republic of Bulgaria (BBB+/Stable/A-2) and the Republic of Croatia (foreign currency, BBB/Stable/A-3; local currency, BBB+/Stable/A-2), due to political and macroeconomic uncertainties. According to Standard & Poor's Bank Industry Country Risk Assessment (BICRA) ranking, the Serbian banking...
Companies mentioned in this report are: European Bank for Reconstruction and Development,National Bank of Greece S.A.,Serbia (Republic of)
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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