The Chilean Financial System: Unarguably the Strongest in Latin America Nov 03
- ID: 2039623
- November 2003
- Region: America, America (exc North), Latin America, Chile
- Standard & Poors
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 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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >