Monday, May 31, 2010

Moody, Busan, Daegu Bank financial strength rating outlook to 'negative' from 'stable' change
Hong Kong May 28, 2010 - Moody's and Daegu Bank, Pusan Bank's financial strength rating ('C-') outlook to 'negative' from 'stable' has changed. However, the rating outlook of the deposits of local banks to change their ratings ('A2') does not affect, to continue to deposit ratings outlook of 'stable' will remain. The ratings outlook changes in the bank's improving economic outlook and capital adequacy have been made to reflect the increase. Choeyoungil Moody's senior analyst, "the construction, real estate PF, shipping, shipbuilding industry as a part of the problem and a glut of credit losses likely to continue for a while, but the region's ongoing economic recovery and improved profitability in the next 12-18 months, and stable credit losses seems to be, "he said. In addition, the capital (Capitalization) with improved real problem is a glut of industry-related credit exposure among potential loss of buffering capacity is expected to strengthen somewhat. Pusan Bank's primary capital adequacy ratio (Tier 1) - excluding new capital stock - 2008 and March 2010 from 7.4% to 9.7% improvement Meanwhile, Daegu Bank's primary capital ratio improved to the same period from 8.0 to 8.8% was. At present the bank financial strength rating is limited upward potential. But without the bank's financial condition worsened Sales Network (Franchise) boost, or even in a stressful situation and economic assets, increase profitability, health and the ability to show up if they can review the rating of local banks. Meanwhile, the other significant capital loss due to the acquisition of local banks, non-performing loan ratio of more than 5 percent, commercial banks with significant market share decline in competitiveness caused by fireplaces, etc. can serve as a downward pressure on ratings. Last October 7, 2008, Daegu Bank, Pusan Bank's financial strength rating ('C-') views the global credit crunch and subsequent downturn in the country caused the crisis deepened, 'stable' to 'negative' changes Bars can.

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