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Banque Tuniso - Koweitienne Jul 10
Standard & Poors, July 2010
Abstract
Strategically important role for shareholder and expected shareholder support in an event of stress. Satisfactory loss absorption capacities, with strong capitalization and adequate pre-provision earnings. New focus on retail lending and funding. Poor funding and liquidity profile. Weak asset quality and rapid loan growth. High concentration on both sides of balance-sheet. Lack of franchise in the fragmented and competitive Tunisian banking sector. The ratings on Tunisia-based Banque Tuniso - Koweitienne (BTK) reflect the bank's poor funding and liquidity profile, weak asset quality, rapid loan growth, material (though declining) concentration on the domestic tourism sector, and lack of franchise in a competitive banking landscape. Positively, they reflect our expectations of shareholder support in an event of stress. Other positive rating factors...
Companies mentioned in this report are: Banque Tuniso-Koweitienne,BPCE
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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