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Bank of Shanghai Feb 06
Standard & Poors, Feb 2006
Abstract
Bank of Shanghai (BOS) is not rated by Standard & Poor's Ratings Services. This analysis is a general credit comment based on publicly available information. It is published here as part of a review of China's banking sector. The financial profile of BOS is satisfactory for a city commercial bank, and reflects its improving asset quality, adequate loan loss provisioning, and sound profitability. However, the bank's modest asset quality and its relatively high concentration risks remain concerns. The bank's information disclosure is relatively good. It is the only Chinese city commercial bank reviewed by Standard & Poor's that prepares its financial statements under IAS and has its accounts audited by one of the Big Four international audit firms. BOS was...
Companies mentioned in this report are: Bank of Shanghai,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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