|
|
 |
|
Viewing report
|
|
|
|
VP Bank Verwaltungs- und Privat-Bank AG Jan 12
Standard & Poors, Jan 2012
Abstract
Favorable financial profile with very strong capitalization. Stable shareholder structure. Stable and granular customer deposit base. Operations vastly in the private-banking niche, with limited universal banking operations. Weak international private-banking franchise and net new money generation. Sizable reputational and operational risks in line with those of private bank peers. Standard & Poor's Ratings Services' outlook on Liechtenstein-based VP Bank Verwaltungs- und Privat-Bank AG (VP BANK) is stable. This reflects our opinion that the intrinsically high stability of VP BANK's private-banking business model compensates for prevailing franchise weakness and comparatively lower profitability. We believe this is thanks to the long-term nature of the bank's client relationships and significantly lower credit, liquidity, and market risk than is typical for commercial banks. We...
Companies mentioned in this report are: VP Bank Verwaltungs- und Privat-Bank AG
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
|
|
|
|
