Summary: Standard Chartered Bank (Hong Kong) Ltd.

The ratings on Standard Chartered Bank (Hong Kong) Ltd. (SCBHK) reflect the bank's status as a core entity within the Standard Chartered group, led by Standard Chartered PLC (A/Stable/A-1). The ratings on the bank are equalized with the ratings on its immediate parent, Standard Chartered Bank (SCB; A+/Stable/A-1). On a stand-alone basis, the ratings on SCBHK reflect the bank's solid franchise in Hong Kong and its good financial profile. The bank's capitalization is satisfactory. SCBHK's stand-alone credit profile is constrained by the bank's geographic concentration in its mature and saturated home market, Hong Kong, which is characterized by keen competition and strong pressure on interest margins. Hong Kong remains the largest single market in terms of profit contribution for the

...The ratings on Standard Chartered Bank (Hong Kong) Ltd. (SCBHK) reflect the bank's status as a core entity within the Standard Chartered group, led by Standard Chartered PLC (A/Stable/A-1). The ratings on the bank are equalized with the ratings on its immediate parent, Standard Chartered Bank (SCB; A+/Stable/A-1). On a stand-alone basis, the ratings on SCBHK reflect the bank's solid franchise in Hong Kong and its good financial profile. The bank's capitalization is satisfactory. SCBHK's stand-alone credit profile is constrained by the bank's geographic concentration in its mature and saturated home market, Hong Kong, which is characterized by keen competition and strong pressure on interest margins. Hong Kong remains the largest single market in terms of profit contribution for the SCB group, and has a key role to play in the group's expansion in Greater China. SCBHK is strongly integrated into the group management structure and complies with group risk management policies. SCBHK is therefore...

Summary