- Language: English
- 39 Pages
- Published: September 2014
Summary: Bank Hapoalim B.M. Jul 12
- ID: 2163424
- July 2012
- Standard & Poors
Leading position in Israel. Diversified funding base which supports solid liquidity position. Relativity stable operating environment. High credit concentration which puts negative pressure on asset quality. Moderate profitability and capitalization. Limited growth prospects. Standard & Poor's Ratings Services' stable outlook on Israel-based Bank Hapoalim (BNHP) reflects its view that the bank's business and financial profile will remain relatively unchanged in the next 18-24 months, despite potential economic turbulence, including a slowdown in the residential real estate sector and significant stress on a few large domestic conglomerates. Significant deterioration of the Israeli economy, which might be triggered by EU and U.S. economic stress, or by significant escalation in local political turbulence, leading to an erosion of the risk-adjusted capital (RAC) ratio...
Companies mentioned in this report are: 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >