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Benefits of Israeli Banking System Threatened by Economic Slowdown and Political Situation Oct 01
Standard & Poors, Oct 2001
Abstract
LONDON (Standard & Poor's) Oct. 29, 2001--Israel's banking system is well placed to grow and adapt to an increasingly global market and greater customer sophistication, but the major banks currently face larger challenges with regard to the slowing global economy, the ongoing political situation's effect on the domestic economy, and a more competitive market, Standard & Poor's said in a recent report. (The report, Bank Industry Risk Analysis: Israel (State of) was published on Sept. 24, 2001, and is available on RatingsDirect, Standard & Poor's Web-based credit analysis system.) Walter Pompliano, a director in Standard & Poor's Financial Institutions Group in London, said that overall, the risk profile of the five major Israeli banks had widened due to a general...
Companies mentioned in this report are: Israel (State of),Bank Leumi le-Israel B.M.,Bank Hapoalim B.M.
Action: S&P Event
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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