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Banco de Bogota S.A. Nov 01
Standard & Poors, Nov 2001
Abstract
The ratings on Banco de Bogot- S.A. reflect a strong franchise value, manageable asset quality measures considering the prevailing adverse operating environment, and reasonable profitability. Credit quality, however, is constrained by the poor economic environment prevailing in Colombia. In spite of heightened competition, Banco de Bogot- has successfully managed not only to maintain its good market position and clients' recognition, but also to increase its business volume. Of particular interest is the bank's ability to attract low-cost funds from depositors in a flight to quality. Its reported volume of nonperforming loans (NPLs) and past-due loans is still manageable, but total nonperforming assets (including restructured loans and foreclosed property) is high. The bank has made substantial allocations to loan loss reserves...
Companies mentioned in this report are: Banco de Bogota S.A. y Subsidiarias
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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