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Banco de Chile S.A. Feb 06
Standard & Poors, Feb 2006
Abstract
Operating in the low-risk Chilean environment Strong franchise and competitive position in the Chilean financial system Highly profitable operation Advantageous economies of scale achieved after successful completion of merger with Banco Edwards in 2002 Shareholders' financial flexibility relatively limited due to obligation with the Central Bank of Chile The increasingly competitive Chilean environment pressures margins The ratings on Banco de Chile S.A. reflect the bank's prominent position and strong franchise within the Chilean financial system, the success of its merger with Banco Edwards, its conservative credit policies, and good profitability. These strengths are offset by the limitations on financial flexibility and capitalization derived from the needs to serve the outstanding subordinated debt with the Central Bank of Chile. Since March...
Companies mentioned in this report are: Banco de Chile
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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