Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Sep 07
Standard & Poors, September 2007
Abstract
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd.'s (Jiangyin Rural Bank) credit profile is characterized by weak asset quality, high concentration risk, and moderate capitalization. Offsetting factors include the bank's satisfactory profitability and fair liquidity profile. The bank's information disclosure has improved. Its 2006 financial statements were prepared in accordance with relevant accounting standards and were audited by a Chinese accounting firm. Jiangyin Rural Bank was converted from Jiangyin Rural Credit Cooperative Association in December 2001 and is located in Jiangsu, a prosperous coastal province. The bank had total assets of Chinese renminbi (RMB) 25.4 billion at the end of 2006, with a network of 28 outlets. At the same time, it commanded a local deposit share of 17.07% and loan...
Companies mentioned in this report are: China (People's Republic of )
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
China (People's Republic of )
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