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Barclays Private Clients International Ltd. Jul 06
Standard & Poors, July 2006
Abstract
Core subsidiary of Barclays Bank PLC Strong franchise in the U.K. offshore banking market Relatively low risk profile, reflecting the bank's liability-driven strategy Sound profitability and capitalization Relatively concentrated business profile Exposure to unforeseen changes in offshore tax or regulatory regimes The ratings on Isle of Man-incorporated Barclays Private Clients International Ltd. (BPCI) reflect its position as a core subsidiary of Barclays Bank PLC (Barclays; AA/Stable/A-1+), its relatively low risk profile, and its sound financials. BPCI is an offshore banking subsidiary of Barclays that serves three customer groups: overseas intermediaries and corporates with offshore banking needs; expatriates and non-U.K. nationals living in the U.K. or elsewhere; and local individuals and corporates. The scale of its business significantly increased in 2003...
Companies mentioned in this report are: Barclays Private Clients International Ltd.,Barclays Bank PLC,Absa Bank Ltd. (Unsolicited Ratings),Barclays Global Investors Trust & Banking Co. Ltd.,Barclays Capital (Cayman) Ltd. ,Barclays Bank PLC (Australian Branch),Barclays Financial LLC,Barclays Bank Ireland PLC
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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