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Al Baraka Banking Group B.S.C. Dec 11
Standard & Poors, Dec 2011
Abstract
Strong business position stemming from good geographic diversification, compared with other banks in Bahrain. Strong risk position, owing to good granularity by single name and geographic reach. Strong liquidity. Reliance of revenues on a few countries with above-average economic risk. Moderate and declining capitalization metrics under our methodology. Moderate earnings capacity, notably in light of a track record of ambitious growth in countries with high economic risks. The negative outlook on Bahrain-based Al Baraka Banking Group B.S.C. (ABG) reflects Standard & Poor's Ratings Services' expectation that the combination of a strain on the group's asset quality, amid the sustained global downturn, and steady growth may impair ABG's risk position or capitalization over the next one to two years. This means...
Companies mentioned in this report are: Al Baraka Banking Group B.S.C.,Albaraka Turk Katilim Bankasi AS,Jordan Islamic Bank
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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