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Bank of Iwate Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
A solid customer base in its home market of Iwate Prefecture Strong liquidity backed by a stable deposit base Strong capital by international comparison Declining interest margins due to limited demand for bank loans and fierce competition, as was the case in other domestic banks Possible deterioration in asset quality of loans extended to SMEs in case of further economic downturn in the region due to the negative effects of the earthquake and tsunami Standard & Poor's Ratings Services bases its ratings on Bank of Iwate on the bank's 'adequate' business position, 'strong' capital and earnings, 'adequate' risk position, and 'average' funding, and 'strong' liquidity. The stand-alone credit profile (SACP), which excludes extraordinary government support, of the bank is 'a'....
Companies mentioned in this report are: Bank of Iwate Ltd.
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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