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ABN AMRO Bank N.V. Jul 11
Standard & Poors, July 2011
Abstract
Good domestic market position Sound capital position Moderate credit and market risk profile, given focus on domestic retail and commercial banking Support by the Dutch state Remaining integration risk of the merger with Fortis Bank Nederland Less business and geographic diversification than larger universal banks Moderate profitability The ratings on ABN AMRO reflect our view of its good market position in Dutch banking, moderate credit risk profile, and sound capital position, combined with potential extraordinary support from the Dutch state. The ratings continue to be penalized by some execution risk linked to the integration of Fortis Bank Nederland N.V. (FBN), with which ABN AMRO merged on July 2010, and lower-than-peer profitability and business and geographic diversification. The one notch of...
Companies mentioned in this report are: ABN AMRO Bank N.V.
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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