Summary: Bank Hapoalim B.M. Jul 12
Standard & Poors, July 2012
Abstract
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.
Action: Review
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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.
Bank Hapoalim B.M.
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