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Banco de Chile S.A. Mar 11
Standard & Poors, March 2011
Abstract
Strong franchise and competitive position as the second-largest bank in Chile. Healthy asset quality. High profitability. Very good financial flexibility. Operating in a low-risk political and regulatory environment in Chile. Aggressive dividend policy. High competitive pressures in the Chilean banking industry. Standard & Poor's Ratings Services' rating on Banco de Chile S.A. mainly reflects its strong market position as the second-largest financial institution in the relatively low-risk and competitive Chilean banking industry, as well as its good operating efficiency, high profitability, healthy asset quality, and very good financial flexibility. The bank's aggressive dividend policy and high competitive pressures in the Chilean banking system partially offset the strengths. Banco de Chile provides a wide range of universal banking products and services...
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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