Assessing Banks' Problem Loans in Eastern Europe, the Middle East, and Africa: Beware the Pitfalls Sep 04

Standard & Poors, September 2004

Abstract
Wide variations in the definition and measurement of banks' loan quality mean that crossborder and domestic appraisals and comparisons can be challenging in the emerging EEMEA markets, despite fairly standardized asset classification terminology. Meaningful analysis and comparison relies on an understanding of the methodology and regulation behind the figures, and the basis on which different indicators are measured. Other factors introduce differences between banks and banking systems, such as accounting practices and the treatment of loan write-off, restructuring, and interest accrual. Standard & Poor's never takes banks' public financial statements at face value, but tries to get behind the credit risk management practices to make adjustments and form an opinion of the true extent of asset quality problems and the...

Companies mentioned in this report are:
- Turkey (Republic of)
- Oman (Sultanate of)
- Czech Republic
- South Africa (Republic of)
- Poland (Republic of)
- Romania
- Kazakhstan (Republic of)
- Egypt (Arab republic of)
- Croatia (Republic of)
- Lebanon (Republic of)

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.

- Turkey (Republic of)
- Oman (Sultanate of)
- Czech Republic
- South Africa (Republic of)
- Poland (Republic of)
- Romania
- Kazakhstan (Republic of)
- Egypt (Arab republic of)
- Croatia (Republic of)
- Lebanon (Republic of)

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