BULLETIN: Bank of East Asia Acquires Grand National Bank - S&P Global Ratings’ Credit Research

BULLETIN: Bank of East Asia Acquires Grand National Bank

BULLETIN: Bank of East Asia Acquires Grand National Bank - S&P Global Ratings’ Credit Research
BULLETIN: Bank of East Asia Acquires Grand National Bank
Published Aug 16, 2001
Published Aug 16, 2001
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's said today that Bank of East Asia's (BEA, BBB+/Stable/A-2) acquisition of Grand National Bank, a retail bank based in Alhambra, U.S., will not have an impact on the current ratings on BEA. The acquisition of Grand National Bank, which had assets of US$139.9 million at June 30, 2001, is a continuation of BEA's strategy of building up its operations on the U.S. west coast. The acquisition will not have a material impact on BEA's financial profile.

  
Report Type:

News

Ticker
23@HK
Issuer
The Bank of East Asia Limited
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Hong Kong
Region
Emerging Markets
Format:
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Bank of East Asia Ltd. – 2002/09/04 – US$ 500.00

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Bank of East Asia Ltd. – 2001/02/22 – US$ 500.00

Summary: Bank of East Asia Ltd. – 2001/02/22 – US$ 225.00

Bank of East Asia's 'BBBpi' Rating Affirmed – 2000/11/22 – US$ 150.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Bank of East Asia Acquires Grand National Bank" Aug 16, 2001. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Bank-of-East-Asia-Acquires-Grand-National-Bank-205991>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Bank of East Asia Acquires Grand National Bank Aug 16, 2001. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Bank-of-East-Asia-Acquires-Grand-National-Bank-205991>
  
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