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BBVA Panama S.A. y Subsidiarias Feb 10
Standard & Poors, Feb 2010
Abstract
Adequate financial performance in 2009 Group support from its parent, BBVA Experienced management team Concentration of the loan portfolio in a few customers Strong competition in Panama The highly debt levels of people living in Panama The ratings on BBVA Panama S.A. y Subsidiarias take into consideration Standard & Poor's Ratings Services' group methodology, by which we consider BBVA Panama a strategically important subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Negative/A-1+). BBVA Panama's good financial performance, adequate-to-strong enterprise risk management, improved credit risk profile, and successful penetration strategy also support the ratings. However, the concentration of bank's loan portfolio in a few customers, its high loans-to-deposits ratio, some asset and liability mismatch on the balance sheet, and the risks...
Companies mentioned in this report are: BBVA Panama S.A. y Subsidiarias,BBVA USA Bancshares Inc.,Compass Bank,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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