Summary: Yapi ve Kredi Bankasi A.S. Sep 11
- ID: 1927370
- September 2011
- Standard & Poors
The ratings on Turkish bank Yapi ve Kredi Bankasi A.S. (Yapi Kredi) reflect Standard & Poor's Ratings Services' view of the high-risk economic environment in Turkey, the bank's asset-liability mismatches owing to limited long-term funding, and increased vulnerability to systemic shocks owing to the rapid balance sheet growth. Positive rating factors include the bank's adequate financial profile and good profitability, strong brand name, and customer franchise with a leading position in key strategic segments like credit cards, asset management, leasing, and factoring. With total assets of Turkish lira (TRY) 106 billion on June 30, 2011, Yapi Kredi is the fourth-largest privately-owned commercial bank in Turkey. It is a leading player in the credit card and leasing businesses, holding about an...
Companies mentioned in this report are:
- Yapi ve Kredi Bankasi A.S.
- UniCredit SpA
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >