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Barclays Bank PLC Apr 05
Standard & Poors, April 2005
Abstract
Leading market position in U.K. financial services, supplemented by growing franchises in global and international businesses; Strong and diversified earnings profile; Good strategic focus; Robust funding base; and Strong risk and capital management techniques. Despite business diversification, overall asset quality remains correlated with the strength of the U.K. economy; Margin pressures restrain profit growth in some areas, although increased focus on cost management and the product range help offset tighter margins; and Ambitious growth objectives in a range of businesses, including Barclays Capital and outside of the U.K., could impact on overall earnings quality. The ratings on Barclays Bank PLC reflect its good income levels, strengthened risk management, satisfactory capital adequacy, and strong U.K. market position. Profitability is robust on...
Companies mentioned in this report are: Barclays Bank PLC,Barclays Global Investors Trust & Banking Co. Ltd.,Barclays Capital (Cayman) Ltd. ,Barclays Bank PLC (Australian Branch),Barclays Private Clients International Ltd.,Barclays Financial LLC
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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