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BBVA Panama S.A. y Subsidiarias Feb 09
Standard & Poors, Feb 2009
Abstract
Ownership by the Banco Bilbao Vizcaya Argentaria S.A. (BBVA) group Adequate capitalization Improving overall financial performance Concentration of loan portfolio in a few customers Strong competition in Panama More adverse economic conditions The ratings on BBVA Panama S.A. y Subsidiarias are supported by Standard & Poor's Ratings Services' group methodology, by which BBVA Panama is considered a strategically important subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA). BBVA Panama's good financial performance, adequate-to-strong enterprise risk management, improved credit risk profile, and successful penetration strategy also support the ratings. The ratings are constrained by the concentration of bank's loan portfolio in a few customers; an asset and liability mismatch on the balance sheet, and the risks of operating in Panama--including stiff...
Companies mentioned in this report are: BBVA Panama S.A. y Subsidiarias,BBVA USA Bancshares Inc.,Compass Bank,Banco de Credito Local de Espana S.A.,Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Banco Bilbao Vizcaya Argentaria Uruguay,Banco Bilbao Vizcaya Argentaria Puerto Rico
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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