Positive Rating Actions On Three Israeli Banks On The Supportive Operating Environment And Better Financial Performance - S&P Global Ratings’ Credit Research

Positive Rating Actions On Three Israeli Banks On The Supportive Operating Environment And Better Financial Performance

Positive Rating Actions On Three Israeli Banks On The Supportive Operating Environment And Better Financial Performance - S&P Global Ratings’ Credit Research
Positive Rating Actions On Three Israeli Banks On The Supportive Operating Environment And Better Financial Performance
Published Jul 10, 2019
9 pages (4140 words) — Published Jul 10, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect the Israeli economy to continue to support the banking sector's improving financial performance, characterized by strong asset quality and cost of risk at historical lows. Macroprudential measures and government-led supply-side initiatives have led to some stability of house prices over the past two years, reducing the risk of imbalances. Banks have gradually diversified their credit exposures and now have more balanced loan books, and single-name concentration has decreased, reducing risks in a downside scenario. At the same time, we see some risks stemming from the commercial real estate sector's increase in supply in recent years, as well as heightening competition from nonbank players in unsecured retail lending. Our view of a lower risk of economic imbalances leads us

  
Brief Excerpt:

...July 10, 2019 - We expect the Israeli economy to continue to support the banking sector's improving financial performance, characterized by strong asset quality and cost of risk at historical lows. - Macroprudential measures and government-led supply-side initiatives have led to some stability of house prices over the past two years, reducing the risk of imbalances. - Banks have gradually diversified their credit exposures and now have more balanced loan books, and single-name concentration has decreased, reducing risks in a downside scenario. - At the same time, we see some risks stemming from the commercial real estate sector's increase in supply in recent years, as well as heightening competition from nonbank players in unsecured retail lending. - Our view of a lower risk of economic imbalances leads us to reassess Israel's banking sector to group '3' of our Banking Industry Country Risk Assessment from group '4', and the anchor for Israeli banks, the starting point for our rating analysis,...

  
Report Type:

Ratings Action

Ticker
LUMI@IT
Issuer
Bank Leumi le-Israel B.M.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Israel
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Positive Rating Actions On Three Israeli Banks On The Supportive Operating Environment And Better Financial Performance" Jul 10, 2019. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Positive-Rating-Actions-On-Three-Israeli-Banks-On-The-Supportive-Operating-Environment-And-Better-Financial-Performance-2261839>
  
APA:
S&P Global Ratings’ Credit Research. (). Positive Rating Actions On Three Israeli Banks On The Supportive Operating Environment And Better Financial Performance Jul 10, 2019. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Positive-Rating-Actions-On-Three-Israeli-Banks-On-The-Supportive-Operating-Environment-And-Better-Financial-Performance-2261839>
  
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