|
|
 |
|
Viewing report
|
|
|
|
AXA Bank Belgium SA Jan 08
Standard & Poors, Jan 2008
Abstract
Membership in the AXA insurance group Very strong capital base Strong asset quality Positive move to enlarge its role within AXA Satisfactory market position in core mortgage-lending business in Belgium Weak profitability Limited business diversification Exposure to interest rate movements Untested European banking strategy The ratings on AXA Bank Belgium S.A. (ABB) reflect its status as a core member of the AXA insurance group (core operating subsidiaries insurer financial strength rating AA/Stable). Additional rating factors are the bank's very strong capitalization, strong asset quality, new European banking role within AXA, and satisfactory market share in its main mortgage-lending activity. Offsetting these factors are ABB's weak profitability, limited business diversification, exposure to market risk, and the untested nature of its European...
Companies mentioned in this report are: AXA Bank Europe S.A.,AXA,AXA Belgium
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
|
|
|
|
