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Bank Industry Risk Analysis: Israel (State of) Mar 04
Standard & Poors, March 2004
Abstract
Israeli banks currently face challenges with regard to the ongoing political situation's effect on the domestic economy and ownership considerations. Standard & Poor's considers the major banks to be broadly resilient to their constrained operating environment, however, and well placed to grow and adapt to Israel's position in the global market and greater customer sophistication. At this stage, the impact to the banking system from, primarily, the ongoing domestic disruption and economic slowdown has been within current ratings expectations. In general, banks are reporting higher nonperforming assets, higher provisions, and lower bottom-line profitability, with some banks reporting operating losses. Despite these negatives, Standard & Poor's expects the financial and business performance, provisioning, and credit procedures of the major banks to...
Companies mentioned in this report are: UniCredit SpA,Israel (State of),Bank Leumi le-Israel B.M.,Israel Discount Bank Ltd.,Bank Hapoalim B.M.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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