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Banco de Chile S.A. Jan 05
Standard & Poors, Jan 2005
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 The increasingly competitive Chilean environment pressures margins The ratings on Banco de Chile S.A. (Banco de Chile) reflect the bank's prominent position and strong franchise within the Chilean banking system, the success on its merger with Banco Edwards, its conservative credit policies, and its good profitability. The ratings also reflect shareholders' limited financial flexibility due to its outstanding subordinated debt with the Central Bank of Chile. With assets of Chilean peso (ChP) 9.6 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
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