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Banca del Gottardo Aug 02
Standard & Poors, Aug 2002
Abstract
The ratings on Banca del Gottardo (Gottardo)--a Swiss private bank based in the Italian-speaking canton of Ticino--reflect its solid franchise, good liquidity, and improving asset quality. Profitability has fallen, however, mainly as a result of difficult equity market conditions. With its headquarters in Lugano, Gottardo specializes in offshore banking mainly for Italian private investors, but also for the other major continental European countries. It is also expanding onshore activities beyond its Swiss franchise by building a presence in other European countries, including Italy and France. At the end of 2001, Gottardo had assets under control of Swiss franc (SFr) 42.6 billion ($28.9 billion). In addition to private banking, Gottardo engages in commercial and corporate banking, and trading and treasury activities....
Companies mentioned in this report are: Banca del Gottardo,La Suisse, Societe d'Assurances Contre les Accidents S.A.,Lloyd Continental S.A.,Swiss Life AG,SL Liverpool PLC,Soc. Suisse d'Ass. generales sur la Vie Humaine (Swiss Life French Branch),Swiss Life AG, Niederlassung fuer Deutschland,La Suisse, Societe d'Assurances sur la Vie
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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