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Argentine Banks Vulnerable to Sovereign Risks Apr 01
Standard & Poors, April 2001
Abstract
(Editor's Note: In the original version of this article, dated April 4, 2001, the numbers in the charts were incorrectly listed in millions of Argentine pesos. They are actually in ArP Bil.) Until recently, the main problem facing Argentine banks was a lack of growth and low profitability, typical features of the recessive economic environment in which they have been operating for more than two years. The economic slowdown has hurt profitability by increasing nonperforming loans and by reducing origination volume. As a result of the weak operating environment, banks have tightened their underwriting standards and seen loan demand curtailed. On the contrary, however, deposits continued to grow, reflecting the general perception that the financial system remains strong, due to...
Companies mentioned in this report are: The Bank of Nova Scotia,HSBC Bank USA N.A.,Banco Santander S.A.,HSBC Holdings PLC,Chile (Republic of),Argentina (Republic of) (Unsolicited Ratings),Banco Rio de la Plata S.A.,Uruguay (Oriental Republic of),BBVA Banco Frances S.A.,Banco Bilbao Vizcaya Argentaria S.A.,Banco Galicia Uruguay S.A.
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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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