Turkland Bank A.S.  - Fitch Research

Turkland Bank A.S.

Turkland Bank A.S.  - Fitch Research
Turkland Bank A.S.
Published Mar 25, 2015
6 pages (6986 words) — Published Mar 25, 2015
Price US$ 300.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Institutional Support Drives IDRs: Turkland Bank A.S.'s (T-Bank) IDRs and National Rating are driven by potential support from entities within the Arab Bank Group (AB Group). These include Arab Bank PLC (ABPlc; BBB- Negative), which controls 33% of T-Bank, and its sister bank, Arab Bank (Switzerland) Ltd (not rated by Fitch Ratings), which controls 17%. The remaining 50% stake is held by BankMed Sal (BankMed; unrated). T-Bank's ratings are notched down twice from ABPlc's to reflect the ownership structure. Strategically Important, Modest Size: Fitch Ratings views T-Bank as a strategically important subsidiary to the AB Group but recognizes that it is not majority-owned by any one AB Group entity and that its size is modest in relation to the overall group. T-Bank's Long-Term IDRs receive uplift from ABGroup's record of capital support and its commitment to grow the bank. Shareholders are represented on the board and participate in key committees. The Outlook on T-Bank's IDRs reflects that...

  
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Cite this Report

  
MLA:
Fitch Research. "Turkland Bank A.S. " Mar 25, 2015. Alacra Store. May 14, 2025. <http://www.alacrastore.com/fitch-credit-research/Turkland-Bank-A-S-863823_report_frame>
  
APA:
Fitch Research. (). Turkland Bank A.S. Mar 25, 2015. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/fitch-credit-research/Turkland-Bank-A-S-863823_report_frame>
  
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