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Banca Comerciala Romana Feb 07
Standard & Poors, Feb 2007
Abstract
Strong strategic shareholder providing enhanced operational, financial, and managerial support; Dominant market position, and good profitability; Stable retail funding base, and strong liquidity; Good, although tightening capitalization; and Improving corporate governance, and strengthening organizational and operational framework. Relatively high level of classified loans; Tougher competition with increasing foreign presence in the Romanian banking sector; and Better, but still higher-than-average, economic and industry risks in Romania. The ratings on Romania-based Banca Comerciala Romana (BCR) are supported by its strategic shareholder Erste Bank der oesterreichischen Sparkassen AG (Erste Bank; A/Stable/A-1), its commanding position in the Romanian financial market, good capitalization and liquidity, and an improving core profitability trend. Positive factors also include the continued improvements in the bank's operating environment; the easing...
Companies mentioned in this report are: Banca Comerciala Romana,Slovenska Sporitelna A.S. (Unsolicited Ratings),Ceska Sporitelna A.S.,Erste Group Bank AG
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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