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Banco de Chile S.A. Nov 02
Standard & Poors, Nov 2002
Abstract
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-in place since last December's regulatory approval-is taking place as projected and is almost completed. 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) 8.6 trillion as of June 30, 2002, Banco de Chile is the largest bank in Chile in terms of equity, loans, and deposits on an unconsolidated basis. As of Aug. 30, 2002, Banco de Chile had a 18.6% market share in loans in a financial system where the...
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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