Research Update: Ratings On Hachijuni Bank Ltd. Affirmed At 'A/A-1' On Bank Criteria Change; Outlook Stable Dec 11
- Language: English
- Published: December 2011
The ratings on Hachijuni Bank Ltd. (A/Stable/A-1) reflect its strong capitalization by international standards, a strong business franchise of a considerable size in Nagano Prefecture, and adequate liquidity supported by solid small-lot deposits. At the same time, the ratings are constrained by the risk of an increase in credit costs due to a slowdown in Japan's economic recovery as well as somewhat weak profitability for the ratings assigned to the bank. Hachijuni Bank's capital remains adequate in terms of both quality and volume. The bank maintains strong capitalization compared with international financial institutions, as well as other major and regional banks in Japan. As of March 31, 2011, the bank's Tier 1 capital ratio stood at 14.1%, while its risk-adjusted...
Companies mentioned in this report are: Hachijuni Bank Ltd.
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