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The Chilean Financial System: Unarguably the Strongest in Latin America Nov 03 Product Image

The Chilean Financial System: Unarguably the Strongest in Latin America Nov 03

  • ID: 2039623
  • November 2003
  • Region: America, Latin America, Chile
  • Standard & Poors

FEATURED COMPANIES

  • Banco de Chile
  • Chile (Republic of)
  • MORE

Abstract
The Chilean banking system remains the strongest in Latin America as a result of its sound regulatory environment and supervision, its overall good capitalization, and auspicious trends pointing to increasing efficiency and profitability. Coupled with the low-risk framework provided by the sovereign, Chilean financial institutions have the highest ratings among Latin American banks. On the negative side, the most worrying development is probably given by the modest expansion in total lending experienced in recent years, in the context of an economy that has been growing relatively slowly. In any case, the sluggish growth in assets is a common feature that can be observed in almost all financial systems throughout Latin America. In addition, recent signs point to a more palpable...

Companies mentioned in this report are:
- Chile (Republic of)
- Banco de Chile
- Banco Santander-Chile S.A.

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 READ MORE >

- Chile (Republic of)
- Banco de Chile
- Banco Santander-Chile S.A.

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