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| Abstract: | Important role in providing payment credit card-related services to a large number of Italian banks. Strong capital position sustained by high profit retention and stable revenue stream. Low credit risk profile. Business concentration in a niche market with a domestic scope. Limited revenue diversification and high fixed-cost base. Potential operational risk losses in payment services and credit card-related activities. The negative outlook on the ratings on Istituto Centrale delle banche Popolari Italiane SpA (ICBPI) and its core credit card subsidiary CartaSi SpA reflects the possibility that we could lower the ratings on the entities if we anticipate that further deterioration in domestic economic and banking industry conditions could weaken ICBPI's stand-alone credit profile (SACP), mainly with regard to its capital |
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| Brief Excerpt: | RESEARCH Istituto Centrale delle Banche Popolari Italiane SpA Publication date: 03-Dec-2012 Strengths: Counterparty Credit Rating ###-/Negative/A-3 Ratings Detail >> Important role in providing payment credit card-related services... |
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| Report Type: | |
| Ticker | 1382187D@IM |
| Issuer | DEPObank - Banca Depositaria Italiana S.p.A. |
| GICS | Asset Management & Custody Banks (40203010) |
| Sector | Global Issuers, Structured Finance |
| Country | |
| Region | Europe, Middle East, Africa |
| Format: | | PDF |  |
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