|
|
 |
|
Viewing report
|
|
|
|
Banco de Chile S.A. Dec 03
Standard & Poors, Dec 2003
Abstract
Extremely strong franchise and competitive position in the Chilean financial system Advantageous economies of scale achieved after successful completion of merger Highly profitable operation Operating in the Chilean low-risk environment Shareholders' financial flexibility relatively limited due to obligation with the Central Bank of Chile Asset quality, though once again improving, deteriorated following the merger The ratings on Banco de Chile S.A. reflect the bank's prominent position and strong franchise within the Chilean banking system, and the fact that the merger with Banco Edwards was completed as planed. The ratings also reflect shareholders' limited financial flexibility due to the agreement to settle the bank's obligation with the Central Bank of Chile. With assets of Chilean peso (ChP) 8.9 trillion as of...
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
|
|
|
|
