- Language: English
- Published: May 2012
- Region: Israel
Woori Bank Jun 04
- Published: June 2004
- Standard & Poors
Good market position based on a strong business franchise, which contributes to a stable funding base. Still moderate, but improving risk management skills. Below-average profitability and capitalization at the holding company level Risks stemming from the deteriorating credit profiles of some SMEs and households, as well as the bank's exposure to a few large corporations with relatively weak financial profiles. In view of the typical convergence of business risks that occur among subsidiaries of a common holding company, the ratings on Woori Bank take into consideration the collective credit profiles of Woori Finance Holding Co. Ltd.'s (WFH) major operating subsidiaries. Supporting factors for the ratings on Woori are its good market position, which helps it maintain a satisfactory net interest...
Companies mentioned in this report are: Woori Bank,Woori Finance Holdings Co. Ltd.
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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Woori Bank,Woori Finance Holdings Co. Ltd.