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Bank of Shanghai Sep 07
Standard & Poors, Sep 2007
Abstract
The financial profile of Bank of Shanghai is satisfactory for a city commercial bank, and reflects its improving asset quality, adequate loan loss provisioning, and sound profitability. Counterbalancing factors include the bank's low capitalization and relatively high concentration risk. The bank has maintained the same information disclosure standards as in previous years. Its 2006 financial statements were prepared in accordance with relevant accounting standards and were audited by 'a big four' accounting firm. Bank of Shanghai was founded in December 1995. The bank has a good position in Shanghai, with strong market shares of 6.71% in terms of deposits and 8.22% in terms of loans at the end of 2006. Outside Shanghai, the bank has branches in Ningbo and Nanjing...
Companies mentioned in this report are: The Hongkong and Shanghai Banking Corp. Ltd.,International Finance Corp.
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
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