Banco BPI S.A. Jan 03
Standard & Poors, January 2003
Abstract
The ratings are supported by Banco BPI S.A.'s (BPI) good positioning in retail and investment banking in Portugal, skilled management, adequate profitability, and good asset-quality track record. These strengths are offset by BPI's aggressive capital management and the prevailing challenging economic environment in Portugal, which is likely to pressure the bank's fundamentals. Under a skilled management team, BPI accomplished a successful growth strategy in the past decade, becoming one of the most flexible and innovative institutions in the Portuguese financial system. With a 10% market share in retail and a leading franchise in investment banking, BPI enjoys an attractive position in the system (although less powerful than that of the top players) and a large client base that still offers...
Companies mentioned in this report are: Banco BPI S.A.,Banco Portugues de Investimento S.A.
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
Banco BPI S.A.,Banco Portugues de Investimento S.A.
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