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Banco de Chile S.A. Jan 07
Standard & Poors, Jan 2007
Abstract
Operating in a low-risk environment in Chile Strong franchise and competitive position in the Chilean financial system Advantageous economies of scale achieved after successful merger with Banco Edwards in 2002 Increased leverage as a result of sustained growth Margins under pressure as a result of the increasingly competitive Chilean banking environment. The ratings on Banco de Chile S.A. (Banco de Chile) were upgraded as a result of the bank's success consolidating its prominent, competitive position and strong franchise within the Chilean financial system, while maintaining conservative credit policies, improving asset quality, and good profitability. These strengths are partially mitigated by the increased leverage derived from the bank's sustained loan growth, and the pressures on margins generated by the increasingly competitive...
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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