The Bank of East Asia Limited - S&P Global Ratings’ Credit Research

The Bank of East Asia Limited

The Bank of East Asia Limited - S&P Global Ratings’ Credit Research
The Bank of East Asia Limited
Published Dec 09, 2013
3319 words — Published Dec 09, 2013
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Established franchise in Hong Kong. Prudent underwriting standards and growth policy. Geographically diversified loan book. Weak competitive position and limited presence in China. Loans are concentrated in the property sector. Below-average core profitability. The stable outlook reflects our expectation that The Bank of East Asia Limited (BEA) will maintain its financial and business profiles for the next 18-24 months. We believe the bank's adequate capitalization, profitability, and risk management will provide reasonable buffers against potential negative impact on its credit profile resulting from its expansion in China. We could lower the ratings if BEA's stand-alone credit profile (SACP) of 'bbb+' deteriorates. This could happen if the bank's capitalization weakens such that we believe its risk-adjusted capital (RAC) ratio will fall

  
Brief Excerpt:

RESEARCH The Bank of East Asia Limited Publication date: 09-Dec-2013 Primary Credit Analyst: Cheul Soo Cho, CFA, Hong Kong (852) 2533 3559; cheulsoo.cho@standardandpoors.com Secondary Contact: Joseph M Leung, Hong Kong 852-2533-3553;...

  
Report Type:

Full Report

Ticker
23@HK
Issuer
Bank of East Asia Ltd. (The)
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Global Issuers, Structured Finance, Structured Finance
Country
Hong Kong
Region
Emerging Markets
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "The Bank of East Asia Limited" Dec 09, 2013. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/The-Bank-of-East-Asia-Limited-1225452>
  
APA:
S&P Global Ratings’ Credit Research. (). The Bank of East Asia Limited Dec 09, 2013. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/The-Bank-of-East-Asia-Limited-1225452>
  
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