Research Update: DBS Bank Ltd. And DBS Bank (Hong Kong) Ltd. 'AA-/A-1+' Ratings Affirmed On Bank Criteria Change; Hybrids Downgraded Dec 11
- Language: English
- Published: December 2011
- Region: Hong Kong
Membership of DBS banking group Niche position in trade finance Good asset quality Satisfactory liquidity Good capitalization Highly concentrated lending The ratings on DBS Bank (Hong Kong) Ltd. (DBSHK) reflect the bank's status as a core subsidiary of DBS Bank Ltd. (DBS Bank; AA-/Stable/A-1+), the largest bank in Singapore in terms of consolidated assets. They also reflect DBSHK's sound stand-alone financial profile, which is characterized by its sound asset quality, satisfactory liquidity and capitalization. These factors are counterbalanced by the competitive operating environment, the bank's relatively small market share, and concentration of exposure in property-related lending, which is also common for its Hong Kong peers. DBSHK is the primary constituent of the DBS banking group's Hong Kong operations and the...
Companies mentioned in this report are:
- DBS Bank (Hong Kong) Ltd.
- DBS Bank Ltd.
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