|
|
 |
|
Viewing report
|
|
|
|
Barclays Bank Ireland PLC Jul 08
Standard & Poors, July 2008
Abstract
Core subsidiary of 100% owner, Barclays Bank PLC Well capitalized Large, stable base of corporate deposits Risk systems and processes shared with Barclays Bank PLC Low diversification and concentrated loan book Modest local market position The ratings on Barclays Bank Ireland PLC (BBI) reflect its satisfactory fundamentals and its position as a core subsidiary of Barclays Bank PLC (Barclays; AA/Negative/A-1+), which owns 100% of BBI. Capitalization is strong and risk management is sound, benefiting from its common approach with Barclays. Diversification is low, however, and the loan book is concentrated. BBI was authorized in early 2005 to take on the business of Barclays' Dublin branch. It is a niche corporate bank located in Dublin, focusing primarily on the large corporate...
Companies mentioned in this report are: Barclays Bank Ireland PLC,Barclays Bank PLC,Absa Bank Ltd. (Unsolicited Ratings),Barclays Private Clients International Ltd.,Barclays Bank Mexico S.A. ,Barclays 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
|
|
|
|
