DOCSLIB.ORG

Bank Credit Research

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bank Credit Research BANK CREDIT RESEARCH WEEKLY RATINGS LIST Banks Securities Firms Country Ceilings November 17, 2008 Published weekly by Moody’s Investors Service New York • Tokyo • London • Paris • Sydney • San Francisco • Frankfurt • Madrid • Dallas • Toronto Hong Kong • Singapore • Limassol • São Paulo • Milan • Mexico City • Beijing • Buenos Aires • Taipei Chicago • Johannesburg • Jersey City • Boston • Seoul • Moscow • Mumbai • Prague • Jakarta • Dubai Moody’s Investors Service • 1 • Moody’s Investors Service • 2 • Table of Contents Global Bank Ratings. 5 Global Bank Ratings by Country. 36 Government Bonds & Country Ceilings . 71 Global Banks by Rating . 74 Global Banks by Financial Strength Ratings . 75 Bank Preferred Stock Ratings. 108 Securities Industry Ratings . 115 Moody’s Investors Service • 3 • Moody’s Investors Service • 4 • Global Bank Ratings - Alphabetic by Ultimate Parent November 17, 2008 [1] LT Bank Financial [2] Long-term Debt Issuer [3] Short- [4] Outlook Deposits Strength Senior Subord. Rating term AB BANKAS SNORAS RUR Ba3 D- NR — — NP AB UKIO BANKAS RUR Ba3 D- — — — NP ABANKA VIPA D.D. STA A3 D+ — — — P-2 ABH FINANCIAL (ALFA) — — — — — — — Alfa MTN Markets Limited STA — — Ba1 — — NP Alfa-Bank STA Ba1 D+ — Ba2 — NP Alfa Bank Ukraine STA B2 E+ Ba3 — — NP Alfa-Bank Kazakhstan STA Ba3 E+ — — — NP ABN AMRO HOLDING N.V. STA — — (P)Aa3 (P)A1 — — ABN AMRO Bank N.V. STA(m) Aa2 B- Aa2 Aa3 Aa2 P-1 ABN AMRO Bank N.V. (Argentina) STA Caa1 — — — — NP ABN AMRO Bank N.V. London Branch DEV — — Aa2 — — — ABN AMRO Bank N.V., Australian B STA — — Aa2 — — P-1 ABN AMRO Bank N.V., Chicago STA Aa2 — — Aa3 — — ABN AMRO Bank N.V., Paris STA Aa2 — — — — P-1 ABN AMRO Bank N.V.,Montevideo Br STA(m) B2 — — — — NP ABN AMRO North America Fin Inc. STA — — — — — P-1 ABN-AMRO Bank N.V., New York STA Aa2 — — Aa3 — — ABU DHABI COMMERCIAL BANK STA Aa3 C- Aa3 A1 — P-1 ABU DHABI ISLAMIC BANK STA — D — — A2 P-1 ADIB Sukuk Company Ltd. STA — — A2 A3 — — ACBA - CREDIT AGRICOLE STA Ba3 D- — — — NP ACLEDA NGO — — — ———— ACLEDA Bank Plc STA B3 D — — B1 NP ACTIVE-BANK STA B3 E+ — — — NP AFRICAN BANK INVESTMENTS LIMITED — — — — — — — African Bank Limited STA Baa2 D+ — — — P-2 AGENCY FOR HOUSING MORTGAGE LENDING OPEN JOINT-STO STA — — — — A3 P-1 AGRICULTURAL BANK OF CHINA STA(m) A1 E — — — P-1 AGRICULTURAL BANK OF GREECE S.A. STA Baa1 D — — — P-2 AGRICULTURAL DEVELOPMENT BANK OF CHINA STA — — — — A1 P-1 AGROIMPULS JSCB STA B3 E+ — — — NP AHLI BANK S.A.O.G. STA Baa1 D — — — P-2 AK BARS BANK STA Ba2 D- Ba2 — — NP AKBANK TAS STA B1 C- — — — NP AKIBANK STA B3 E+ — — — NP AKTIA BANK P.L.C. STA A1 C — — — P-1 AL AHLI BANK OF KUWAIT STA A1 C- — — — P-1 AL RAJHI BANK STA A1 C — — — P-1 ALJBA ALLIANCE COMMERCIAL BANK STA B3 E+ — — — NP ALLIANCE & LEICESTER PLC STA Aa3 C+ Aa3 A1 Aa3 P-1 Alliance & Leicester Gp Trsy STA — — Aa3 — — P-1 ALLIANZ SE STA — — Aa3 A2 — P-1 Dresdner Bank AG STA(m) Aa3 C Aa3 A1 Aa3 P-1 Dresdner Bank AG, NY Branch STA(m) — — — A1 — — Dresdner Bank Luxembourg S.A. STA(m) A1 C A1 — A1 P-1 Dresdner Finance B.V. STA(m) — — Aa3 — — P-1 Dresdner U.S. Finance Inc. STA — — — — — P-1 ALLIED BANKING CORPORATION RUR B1 E+ — Ba3 — NP ALLIED IRISH BANKS, P.L.C. STA Aa2 B- Aa2 Aa3 — P-1 AIB North America, Inc. STA Aa2 — Aa2 — — P-1 Allied Irish Banks, NY STA — — — — — P-1 Bank Zachodni WBK S.A. STA(m) A2 C- — — — P-1 ALOKABANK JOINT-STOCK COMMERCIAL BANK STA B3 E+ — — — NP ALPHA BANK AE STA A1 C A1 A2 — P-1 Alpha Credit Group plc STA — — A1 A2 — P-1 AMAGERBANKEN A/S NEG A3 C- — — — P-2 AMARILLO NATIONAL BANCORP, INCORPORATED — — — — — — — Amarillo National Bank STA A3 C — — A3 P-2 [1] Moody's deposit obligations ratings are issuer (rather than issue) ratings. For U.S. banks & thrifts, this rating applies only to domestic obligations. Other Senior Obligations (OSO) of U.S. banks are covered by the OSO ratings on the U.S. Banks & Thrifts / OSO Ratings list. For non-U.S. banks, the deposit obligation rating applies to all foreign deposit obliga- tions; if a foreign deposit obligation does not exist, and that of a domestic deposit obligation does, it is the domestic deposit obligation rating that is listed. [2] The long-term ratings listed reflect the ratings on specific rated debt issues. [3] Moody's short-term debt rating for commercial paper, bank deposits, or other short-term debt. [4] The Outlook is based on the LT local currency Bank Deposit Rating. Moody’s Investors Service • 5 • Global Bank Ratings - Alphabetic by Ultimate Parent November 17, 2008 [1] LT Bank Financial [2] Long-term Debt Issuer [3] Short- [4] Outlook Deposits Strength Senior Subord. Rating term AMBANK GROUP — — — ———— AmBank (M) Berhad STA Baa2 D- — — — P-3 AMEN BANK STA Baa2 D- — — — P-2 AMERICAN EXPRESS COMPANY NEG — — A2 Baa1 A2 P-1 AMP LTD. — — — — — — — AMP Bank Limited STA A2 D+ A2 A3 A2 P-1 ANADOLUBANK AS POS(m) B1 D — — — NP ANELIK BANK CJSCO. NEG Ba3 D- — — — NP ANGLO IRISH BANK CORPORATION PLC RUR A1 C+ A1 A2 A1 P-1 AOZORA BANK, LTD. NEG A3 D+ A3 — — P-2 ARAB BANK PLC STA Ba3 C+ — — — NP Arab Bank Australia Limited STA A3 D+ A3 Baa1 A3 NR Arab Bank Plc (Dubai Branch) STA A3 — — — — P-2 ARAB BANKING CORPORATION B.S.C. STA(m) A3 C- — — — P-2 Banco ABC Brasil S.A. NEG(m) Ba2 D+ — — — NP ARAB NATIONAL BANK STA A1 C A1 A2 — P-1 ARAB TUNISIAN BANK STA Baa2 D — — — P-2 ARDSHININVESTBANK CJSC STA Ba3 D- — — — NP ARMECONOMBANK (ARMENIAN ECONOMY DEVELOPMENT BANK) NEG Ba3 D- — — — NP ASIA COMMERCIAL BANK STA(m) B1 D — — Ba2 NP ASIAUNIVERSALBANK JSC STA Caa2 E — — — NP ASSICURAZIONI GENERALI S.P.A STA — — A1 A2 — — BSI AG STA A1 C+ — — — P-1 ASSOCIATED BANC-CORP NEG — — (P)A2 A3 — P-1 Associated Bank, N.A. NEG A1 B- A1 A2 — P-1 ASTORIA FINANCIAL CORPORATION NEG — — A2 — A2 — Astoria Federal Savings & Loan STA A1 B- — — A1 P-1 ASYA KATILIM BANKASI A.S. STA B1 D — — — NP ATTIJARIWAFA BANK STA Ba2 D+ — — — NP AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED STA Aa1 B Aa1 Aa2 Aa1 P-1 ANZ Banking Group Ltd, NY Br. STA — — — — — — ANZ Capital Trust II STA — — — — — — ANZ National Bank Ltd STA Aa2 C+ Aa2 Aa3 Aa2 P-1 ANZ Banking Group (NZ) Ltd. STA — — Aa2 — — — National Bank of New Zealand STA — — Aa2 Aa3 — — AVTOVAZBANK STA Caa1 E — — — NP AXIS BANK LTD STA Ba2 C- — — — NP Axis Bank Ltd, Singapore Branch STA — — Baa2 Baa2 — — B.F. SAUL REAL ESTATE INVESTMENT TRUST NEG — — — — Ba3 — Chevy Chase Bank FSB NEG Baa2 C- — Baa3 Baa2 P-2 Chevy Chase Preferred Cap. Corp. NEG — — — — — — BALTI INVESTEERINGUTE GRUPI PANK AS NEG(m) B1 E+ — — — NP BALTIC INTERNATIONAL BANK STA B1 E+ — — — NP BALTINVESTBANK STA B3 E+ — — — NP BALTIYSKIY BANK STA B2 E+ — — — NP BANC INTERNACIONAL D'ANDORRA, S.A. STA A2 C+ — — — P-1 BANCA CARIGE S.P.A. STA A2 C- — — A2 P-1 BANCA COMERCIALA CARPATICA S.A. STA Ba3 D- — — — NP BANCA DELLA MARCA CREDITO COOPERATIVO STA A3 C- — — — P-1 BANCA DELLE MARCHE S.P.A. STA A2 C- A2 A3 — P-1 BANCA ITALEASE S.P.A. STA Ba1 D- Ba1 Ba2 — NP BANCA MARCH S.A. STA A2 C — — — P-1 BANCA MONASTIER E DEL SILE STA A3 C- — — — P-1 BANCA MONTE DEI PASCHI DI SIENA S.P.A. STA Aa3 C Aa3 A1 — P-1 Banca Antonveneta RUR A1 C- A1 A2 — P-1 Banca Monte dei Paschi, London STA — — Aa3 A1 — P-1 Banca Toscana S.p.A. RUR A1 C NR — A1 P-1 MPS Capital Services STA A1 D+ — — — P-1 BANCA POPOLARE DELL'ALTO ADIGE-SUEDTIROLER VOLKSBA STA A1 C A1 A2 — P-1 [1] Moody's deposit obligations ratings are issuer (rather than issue) ratings. For U.S. banks & thrifts, this rating applies only to domestic obligations. Other Senior Obligations (OSO) of U.S. banks are covered by the OSO ratings on the U.S. Banks & Thrifts / OSO Ratings list. For non-U.S. banks, the deposit obligation rating applies to all foreign deposit obliga- tions; if a foreign deposit obligation does not exist, and that of a domestic deposit obligation does, it is the domestic deposit obligation rating that is listed. [2] The long-term ratings listed reflect the ratings on specific rated debt issues. [3] Moody's short-term debt rating for commercial paper, bank deposits, or other short-term debt. [4] The Outlook is based on the LT local currency Bank Deposit Rating. Moody’s Investors Service • 6 • Global Bank Ratings - Alphabetic by Ultimate Parent November 17, 2008 [1] LT Bank Financial [2] Long-term Debt Issuer [3] Short- [4] Outlook Deposits Strength Senior Subord. Rating term BANCA POPOLARE DI CIVIDALE SCPA STA A3 C- A3 Baa1 — P-2 BANCA POPOLARE DI MAROSTICA SCPAARL STA A2 C — — — P-1 BANCA POPOLARE DI MILANO S.C.A R.L STA A1 C A1 A2 A1 P-1 BANCA POPOLARE DI SPOLETO STA A3 C- — — — P-1 BANCA SELLA HOLDING STA A2 C- A2 A3 — P-1 BANCA TERCAS STA A3 C- — — — P-1 BANCAPULIA S.P.A. NEG(m) Baa2 D+ — — — P-2 BANCO AUTOFIN MEXICO, S.A. STA B1 E+ — — — NP BANCO BANDES URUGUAY S.A. RUR B2 E+ — — — NP BANCO BBM S.A.
Load more

Recommended publications
  • CE Banking Outlook Winning in the Digital Arms Race October 2016 Contents
    CE Banking Outlook Winning in the Digital Arms Race October 2016 www.deloitte.com\cebankingoutlook Contents Foreword Index of Banks Covered by Digital Maturity Executive Summary Analysis Banking Outlook Contacts in Central Europe Bulgaria Croatia The Czech Republic Hungary Poland Romania Slovakia Slovenia Foreword Although the performance of the banking sector in Central (1.3-1.5 percentage points above the eurozone). This relatively Foreword Europe (CE) is shifting up a gear as lending growth accelerates healthy economy has led a faster recovery of loan growth in CE to Executive and asset quality improves, profitability is still well below 3.4% y/y in 2015 (3 p.p. above Euro area) and should allow a further Summary pre-crisis levels. With low interest rates driving margin pick up to 5.0% y/y in 2018. Banking compression and a rising regulatory burden, banks need to Outlook improve operating efficiency. Asset quality has also been improving, with the non-performing loan Banks covered (NPL) ratio in CE down from a peak of 11.0% in 2013 to 8.8% in 2015 by Digital Maturity The digital maturity of banks in CE countries varies greatly but and is expected to fall to a level of 7.0% in 2018. As the region’s digitalization is a strategic priority for all. It can not only provide a key recovery progresses, the disparities between the leading countries in Contacts avenue for banks to reduce their cost to serve, it is also an imperative the north (Poland, the Czech Republic and Slovakia) and those in the that enables them to keep pace with the expectations of customers south (Hungary, Romania, Bulgaria, Croatia and Slovenia) are who are increasingly online and mobile.
    [Show full text]
  • FHB Mortgage Bank Co. Plc. PUBLIC OFFERING the FHB Mortgage
    FHB Mortgage Bank Co. Plc. PUBLIC OFFERING The FHB Mortgage Bank Co. Plc’s (registration number: 01-10-043638, date of registration: 18 March 1998, head office: 1082 Budapest, Üllői út 48.) (hereafter: “Issuer”, FHB Nyrt.” or “Bank”) Board of Directors has a regulation No. 89/2012. (14. December) to launch its Issue Program 2012-2013 with a HUF 200 billon total nominal value for issuance of Hungarian Covered Mortgage Bonds (jelzáloglevelek) and Notes, within the frameworks of it the Issuer is planning to issue different registered covered mortgage bonds’ and bonds’ series and within the series different tranches. Since there is no universal responsibility between the Issuer and the Managers, the securities issued under the auspices of the Base Prospectus have out of ordinary risks. The Issuer publishes its Base Prospectus on the website of its own and of the BSE the hard copies are available at the selling places. The number and date of the license granted by the Hungarian Financial Supervisory Authority (HFSA) to publish the Base Prospectus of the Issue Program and the disclosure of the public issue: KE-III-55/2012. 03. February 2012. The FHB Mortgage Bank Co. Plc’s (registration number: 01-10-043638, date of registration: 18 March 1998, head office: 1082 Budapest, Üllői út 48.) (hereafter: “Issuer”, FHB Nyrt.” or “Bank”) Board of Directors has a regulation No. 70/2012. (13. December) to launch its Issue Program 2013-2014 with a HUF 200 billon total nominal value for issuance of Hungarian Covered Mortgage Bonds (jelzáloglevelek) and Notes, within the frameworks of it the Issuer is planning to issue different registered covered mortgage bonds’ and bonds’ series and within the series different tranches.
    [Show full text]
  • Registration Document Dated 30 March 2021
    REGISTRATION DOCUMENT DATED 30 MARCH 2021 HSBC HOLDINGS PLC (a company incorporated in England with registered number 617987; the liability of its members is limited) This document (which expression shall include this document and all documents incorporated by reference herein) has been prepared for the purpose of providing disclosure information with regard to HSBC Holdings plc (the "Issuer") and has been approved by the Financial Conduct Authority (the "FCA") as a registration document ("Registration Document") for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("EUWA") (the "UK Prospectus Regulation") for the purpose of providing the information with regard to the Issuer of debt or derivative securities during the period of twelve months after the date hereof. The FCA has only approved this Registration Document as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation Rules sourcebook in the FCA Handbook. Such an approval should not be considered an endorsement of the Issuer that is the subject of the Registration Document. This Registration Document is valid for a period of twelve months from the date of approval. This Registration Document includes details of the long-term and short-term credit ratings assigned to the Issuer by S&P Global Ratings UK Limited ("S&P"), Moody's Investors Service Limited ("Moody's") and Fitch Ratings Limited ("Fitch"). Each of S&P, Moody's and Fitch is established in the United Kingdom and registered under Regulation (EU) No 1060/2009 on credit rating agencies as it forms part of the domestic law of the United Kingdom by virtue of EUWA (the "UK CRA Regulation").
    [Show full text]
  • Takarék Mortgage Bank Plc. Half-Year Financial Report for the First
    Takarék Mortgage Bank Plc. Half-year financial report for the first half of 2018 Budapest, 16 August, 2018 WorldReginfo - 298b8553-bce4-401b-a0b9-5c535d55cbf2 HALF-YEAR FINANCIAL REPORT FOR THE FIRST HALF OF 2018 I. SUMMARY CONSOLIDATED FIGURES AND TREND OF KEY PERFORMANCE INDICATORS H1 2018 / H1 H1 2018 / H2 in HUF million H1 2017 H2 2017 H1 2018 2017 2017 Main balance sheet items Total assets 574,588 610,577 616,844 7.4% 1.0% Refinanced loans 56,884 76,597 87,556 53.9% 14.3% Loans (gross) 318,648 327,224 350,998 10.2% 7.3% Mortgage bonds 161,658 174,933 184,165 13.9% 5.3% Senior unsecured bonds 19,245 9,030 7,651 -60.2% -15.3% Customer deposits 284,508 329,253 292,836 2.9% -11.1% Shareholders' equity 57,530 50,332 52,099 -9.4% 3.5% H1 2018 / H1 H1 2018 / H2 in HUF million H1 2017 H2 2017 H1 2018 2017 2017 Main P/L items Net interest income 6,603 6,242 6,970 5.6% 11.7% Net interest margin 2.28% 2.13% 2.29% 0.01%-pt 0.16%-pt Net fees and commissions 2,629 2,946 2,557 -2.7% -13.2% Net operating income 9,130 965 12,900 41.3% - Provision for impairment on loans losses -7 -1,627 -989 - -39.2% Operating cost -8,757 -9,026 -7,627 -12.9% -15.5% Cost to income ratio 95.9% 934.9% 59.1% -36.8%-pt -875.8%-pt Cost/income ratio w/o special banking tax 90.6% 805.5% 57.3% -33.4%-pt -748.2%-pt Profit from continuing operation before 365 -9,688 4,284 - - income taxes Profit from continuing operation after 330 -11,541 4,144 - - income taxes Profit from discontinued operation -172 3,194 0 -100.0% -100.0% Profit after tax w/o special banking tax 692 -8,192 4,562 - - Profit after tax w/o special banking tax and 1,418 -7,586 4,876 243.8% - other one-offs Basic EPS (HUF) 1.76 -82.55 50.58 - - Return on Assets 0.05% -1.36% 1.36% 1.3%-pt 2.7%-pt Return on Equity 0.55% -15.17% 16.31% 15.8%-pt 31.5%-pt ROAA w/o special banking tax and other 0.49% -1.02% 1.60% 1.1%-pt 2.6%-pt one-offs ROAE w/o special banking tax and other 4.97% -11.43% 19.20% 14.2%-pt 30.6%-pt one-offs 2 WorldReginfo - 298b8553-bce4-401b-a0b9-5c535d55cbf2 HALF-YEAR FINANCIAL REPORT FOR THE FIRST HALF OF 2018 II.
    [Show full text]
  • Hypostat 2017
    HYPOSTAT 2017 HYPOSTAT 2017 | A REVIEW OF EUROPE’S MORTGAGE AND HOUSING MARKETS European Mortgage Federation September 2017 The entire content of this publication is protected by copyright. All rights reserved. No part of this publication may be reproduced, stored DISCLAIMER in a retrieval system, or transmitted in any other form or by any means: electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the European Mortgage Federation – European Covered Bond Council. CONTACT DETAILS EDITORS Daniele Westig Luca Bertalot Economic Adviser Secretary General [email protected] [email protected] Tel: +32 2 285 40 40 Tel: +32 2 285 40 35 LIST OF AUSTRIA FRANCE PORTUGAL Wolfgang Amann Emmanuel Ducasse António Figueiredo Lopes CONTRIBUTORS Institut für Immobilien, Crédit Foncier Immobilier Caixa Economica Montepio Geral OF DATA AND Bauen und Wohnen Gmbh [email protected] [email protected] [email protected] ANALYSIS GERMANY ROMANIA Karin Wagner Thomas Hofer Ştefan Dina Oesterreichische Nationalbank Verband deutscher Pfandbriefbanken (vdp) Romanian Association of Banks [email protected] [email protected] [email protected] BELGIUM GREECE SLOVAKIA Frans Meel Calliope Akantziliotou Paolo Colonna Union Professionnelle du Crédit (Febelfin) Bank of Greece European Mortgage Federation – [email protected] [email protected] European Covered Bond Council [email protected] BULGARIA HUNGARY Maria Pavlova Gyula Nagy SLOVENIA European Mortgage Federation – FHB
    [Show full text]
  • Fhb Mortgage Bank Plc Consolidated Annual Report
    FHB MORTGAGE BANK PLC CONSOLIDATED ANNUAL REPORT FOR YEAR 2015 ACCORDING TO IFRS FHB MORTGAGE BANK PLC. CONSOLIDATED BUSINESS REPORT FOR 2015 ACCORDING TO IFRS Budapest, 5 April, 2016. CONSOLIDATED ANNUAL RE ORT FOR THE YEAR 2015 TABLE OF CONTENTS 1 Overview of FHB (roup .............................................................................................................................................. 3 1.1 FHB Mortgage Ban- l.. ........................................................................................................................................ 3 1.2 FHB Commer.ial Ban- Ltd. .................................................................................................................................... 5 1.3 FHB Real Estate Ltd. ............................................................................................................................................. 6 1.0 FHB L12ing Ltd. ...................................................................................................................................................... 6 1.5 Di3fa Asset Management Ltd. ................................................................................................................................ 7 1.6 FHB IN5EST Investment and Real Estate Management Ltd ................................................................................. 7 1.7 6ointly .ontrolled and asso.iated .ompanies ......................................................................................................... 8 2 Ma.roe.onomi.
    [Show full text]
  • Presentation to Fixed Income Investors
    HSBC Holdings plc and HSBC Bank Canada September 2010 Presentation to Fixed Income Investors www.hsbc.com www.hsbc.ca Disclaimer and forward-looking information This presentation, including the accompanying slides and subsequent discussion, contains certain forward-looking information with respect to the financial condition, results of operations and business of HSBC Holdings plc, together with its direct and indirect subsidiaries including HSBC Bank Canada and HSBC Securities (Canada) Inc. (the "HSBC Group" or “HSBC”). This forward-looking information represents expectations or beliefs concerning future events and involves known and unknown risks and uncertainty that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Additional detailed information concerning important factors that could cause actual results to differ materially is available in the Annual Reports and Accounts of HSBC Holdings plc and HSBC Bank Canada for the year ended December 31, 2009, as well as the HSBC Bank Canada Second Quarter 2010 Report to Shareholders and the HSBC Holdings plc Interim Report 2010 for the period ended June 30, 2010. Past performance cannot be relied on as a guide to future performance. Please see www.hsbc.com and www.hsbc.ca for further information. This material is for information purposes only. HSBC Holdings plc is not a reporting issuer in Canada and is not permitted, by itself or through a nominee or agent, to engage in or carry on any business in Canada, except as permitted by the Bank Act (Canada). The material is intended for your sole use and is not for general distribution and does not constitute an offer or commitment, a solicitation of an offer or commitment to enter into or conclude any transaction or to purchase or sell any financial instrument.
    [Show full text]
  • Hsbc Holdings Plc
    HSBC HOLDINGS PLC Shareholder Information Enforceability of judgements / Exchange controls / Dividends Page serve process on such persons or HSBC Holdings in Information about the enforceability of the US or to enforce judgements obtained in US judgements made in the US ........................ 472 courts against them or HSBC Holdings based on Exchange controls and other limitations civil liability provisions of the securities laws of the affecting equity security holders ................ 472 US. There is doubt as to whether English courts Fourth interim dividend for 2008 ................... 472 would enforce: Fourth interim dividend for 2009 ................... 472 • certain civil liabilities under US securities laws Interim dividends for 2010 ............................. 473 in original actions; or Dividends on the ordinary shares of HSBC • Holdings ..................................................... 473 judgements of US courts based upon these civil American Depositary Shares .......................... 474 liability provisions. Nature of trading market ................................ 475 In addition, awards of punitive damages in Shareholder profile ........................................ 476 actions brought in the US or elsewhere may be Memorandum and Articles of Association .... 476 unenforceable in the UK. The enforceability of any Annual General Meeting ................................ 477 judgement in the UK will depend on the particular Interim Management Statements and facts of the case as well as the laws and treaties
    [Show full text]
  • Housing Finance
    Local Government and Public Service Reform Initiative Housing Finance New and Old Models in Central Europe, Russia, and Kazakhstan Edited by József Hegedüs and Raymond J. Struyk Local Government and Public Service Reform Initiative Open Society Institute–Budapest Address Nádor utca 11. H-1051 Budapest, Hungary Mailing address P.O. Box 519 H-1357 Budapest, Hungary Telephone (36-1) 327-3104 Fax (36-1) 327-3105 E-mail [email protected] Web Site http://lgi.osi.hu/ First published in 2005 by Local Government and Public Service Reform Initiative, Open Society Institute–Budapest © OSI/LGI, 2005 TM and Copyright © 2005 Open Society Institute All rights reserved ISBN: 963 9419 90 7 (print) ISBN: 963 9419 91 5 (online) OPEN SOCIETY INSTITUTE The judgments expressed herein do not necessarily reflect the views of the above two sponsors. All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Copies of the book can be ordered by e-mail or post from LGI. Copy editor: Brad Fox Cover design: Tom Bass Cover photo: © Képregény Kft. / Tamás Dezső Printed in Budapest, Hungary, March 2006. Design & Layout by Createch Ltd. Contents Acknowledgments ........................................................................v Overview ....................................................................................vii List of Contributors ....................................................................xi List of Tables and Figures ........................................................... xv PART I. Introduction ........................................................1 József Hegedüs and Raymond J. Struyk Divergences and Convergences in Restructuring Housing Finance in Transition Countries ...............3 PART II.
    [Show full text]
  • 81-125 Peter Vass.Indd
    DOI: 10.33908/EF.2019.1.5 MEMBER BANKS OF THE HUNGARIAN BANKING ASSOCIATION 81 MEMBER BANKS OF THE HUNGARIAN BANKING ASSOCIATION Péter Vass ABSTRACT In its 30 years of existence, the Hungarian Banking Association has witnessed an extraordinary evolution in the banking sector.1 During this period, a total of 93 banks were registered in Hungary (in the form of companies limited by shares or branches), typically 40 to 50 operating at the same time. It was only for special reasons that the number of banks exceeded that upper limit, while it fell below 40 only during the transformation spurt aft er the introduction of the two-tier banking system, during the post-transition bank foundation fever up until 1991, and – seemingly – by surprise, during the bank sector boom in the early 2000s. Th e development and the continuous change of the institutional background has been driven by domestic processes in the fi eld of banking, economy and regulation alike, by the consequences of international structural developments (mergers, strategic partnerships and their dissolution) at the level of Hungarian subsidiary banks as well as by the individual development paths of certain banks. Th e length of this paper does not allow for a comprehensive in-depth analysis of all these motivators, but we consider that presenting the development of each member bank of the Banking Association within a common framework, focussing mainly on current members, would be informative. JEL codes: G21, N94 Keywords: history of the banking sector, banking history, banking sector entries and exits, bank mergers, competition 1 For the purposes of this article, banks and specialised credit institutions under Act CXII of 1996 on Credit Institutions and Financial Enterprises are regarded as part of the banking sector, not including KELER, which performs non-banking activities.
    [Show full text]
  • Base Prospectus 2011
    BASE PROSPECTUS OTP MORTGAGE BANK LTD. (OTP JELZÁLOGBANK ZÁRTKÖR ŰEN MŰKÖDŐ RÉSZVÉNYTÁRSASÁG ) (incorporated with limited liability in the Republic of Hungary) EUR 3,000,000,000 Euro Mortgage Securities Programme for the issuance of Hungarian Mortgage Bonds and Mortgage Notes (jelzáloglevelek ) unconditionally and irrevocably guaranteed by OTP BANK Plc. (incorporated with limited liability in the Republic of Hungary) Under this EUR 3,000,000,000 Euro Mortgage Securities Programme (the Programme), OTP Mortgage Bank Ltd. ( OTP Jelzálogbank Zártkörűen Működő Részvénytársaság) (the Issuer) may from time to time issue Hungarian Mortgage Bonds (the Mortgage Bonds ) and Mortgage Notes (the Mortgage Notes, being together with the Mortgage Bonds, the Mortgage Securities) (jelzáloglevelek) denominated in any currency agreed from time to time between the Issuer and the relevant Dealer (as defined below). The Mortgage Bonds will be issued in dematerialised registered form. The Mortgage Notes will be issued in bearer form. The payments of all amounts due in respect of the Mortgage Securities will be unconditionally and irrevocably guaranteed by OTP Bank Plc. (the Guarantor) pursuant to an Irrevocable Payment Undertaking dated 7 July 2010 (as amended or supplemented from time to time, the Irrevocable Payment Undertaking), the form of which is set out herein. See " Form of Irrevocable Payment Undertaking" herein. The maximum aggregate nominal amount of all Mortgage Securities from time to time outstanding under the Programme will not exceed EUR 3,000,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement), subject to increase as described herein. An investment in the Mortgage Securities involves certain risks.
    [Show full text]
  • FHB Mortgage Bank Co. Plc. PUBLIC OFFERING Pursuant to The
    FHB Mortgage Bank Co. Plc. PUBLIC OFFERING Pursuant to the regulation of Board of Directors No. 2/2017. (20 January) of the FHB Mortgage Bank Co. Plc’s (registration number: 01-10-043638, date of registration: 18 March 1998, head office: 1082 Budapest, Üllői út 48.) (hereafter: “Issuer”, FHB Nyrt.” or “Bank”) and to the regulation No. IG-W-6/2017 of Board of Directors of the Bank of Hungarian Savings Cooperatives Co. Ltd. (head office: 1122 Budapest, 1122 Budapest, Pethényi köz 10.) the Issuer launches its Issue Program 2017-2018 with a HUF 200 billion total nominal value for issuance of Hungarian Covered Mortgage Bonds (jelzáloglevelek) and Notes, within the frameworks of it the Issuer is planning to issue different registered covered mortgage bonds’ and bonds’ series and within the series different tranches. The Issuer at its own discretion, may introduce the series into the Budapest Stock Exchange. Since there is no universal responsibility between the Issuer and the Managers, the securities issued under the auspices of the Base Prospectus have extraordinary risks. The Issuer publishes its Base Prospectus on the website of its own and of the BSE the hard copies are available at the selling places. The number and date of the license granted by the National Bank of Hungary (NBH) to publish the Base Prospectus of the Issue Program and the disclosure of the public issue: H-KE-III-208/2017 30 March 2017. Pursuant to the Issue Program referred above the Issuer publicly offers to issue on 17 August 2017 the third part of FHB Covered Mortgage Bond series FJ20NV04 and FHB will initiate to introduce the series into the BSE.
    [Show full text]