Summary: Shenzhen City Commercial Bank Feb 06
- ID: 2166502
- February 2006
- Standard & Poors
Shenzhen City Commercial Bank (SZCCB) is not rated by Standard & Poor's Ratings Services. This analysis is a general credit comment based on publicly available information. It is published here as part of a review of China's banking sector. SZCCB has a modest market share and its financial profile is unsatisfactory. Future business expansion and profitability are constrained considerably by weak capitalization, high NPLs, inadequate provisioning, and credit concentration risk. Nevertheless, the bank is more transparent than its peers, as observed from its comparatively comprehensive annual report. SZCCB was China's first city commercial bank, established in August 1995. SZCCB's home base, Shenzhen, is one of China's most developed cities. In 2004, Shenzhen had a population of 59.76 million, and its...
Companies mentioned in this report are: China (People's 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.
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 >