solovaloreaggiunto
Forumer storico
Aegon 80 bid... molto bene. Lo dicevo che era troppo a sconto
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3
- Creatore Discussione Joe Silver
- Data di Inizio
nuvola nera
Forumer storico
Io ho in portafoglio la deoooaoeubn9 , se è quella di cui chiedi notizie ha parecchie criticità iniziando dalla sospensione pagamento cedola annuale di giugno 2017 e non è cumulativa , inoltre c'è una ipotesi di riduzione del nominale ma sto andando a memoria , diciamo che potrebbe essere una scommessa per il 2018 seguendo bene le notizie societarie
negusneg
New Member
Ciao bia06, se scarichi il file l'ho aggiornato qualche giorno fa.
Ne approfitto per segnalare che su iPad/cellulare i colori non sono tutti correttamente visualizzati, consiglio di salvare una copia su pc.
bia06
Listen other's viewpoint avoid conflicts & wars.
Rating Action:
Moody's assigns Ba3 deposit rating to Odea Bank; outlook negative
Global Credit Research - 14 Jul 2017
London, 14 July 2017 -- Moody's Investors Service has today assigned Ba3 long-term deposit ratings, Not Prime short-term deposit ratings and a ba3 standalone baseline credit assessment (BCA) and adjusted BCA to Odea Bank A.S. (Odeabank). The outlook on the long-term deposit ratings is negative.
Moody's has also assigned National Scale Deposit Ratings of A2.tr/TR-1 and a Counterparty Risk Assessment of Ba2(cr)/Not Prime(cr).
RATINGS RATIONALE
Moody's says that the ba3 BCA is underpinned by Odeabank's overall solid financial profile and prudent risk culture but constrained by the challenging Turkish operating environment.
Moody's notes that Odeabank -- Turkey's 13th largest bank by assets - is a relatively new bank set up in 2012 by Lebanon's Bank Audi S.A.L. (Bank Audi; B2 negative/b2), which now has a 76% stake, with multinational institutions International Finance Corporation and European Bank for Reconstruction and Development as minority shareholders.
According to Moody's, the bank's prudent risk culture partially mitigates rising problem loans, modest coverage and loan concentration. Moody's expects the bank's problem loans of 3% at March 2017 to rise to around 5% next year, owing to the seasoning of the portfolio. Coverage with specific provisions, at 45%, however, is weaker than peers. Furthermore, loans exhibit a degree of concentration by both borrower and sector.
Odeabank's capitalisation is sound, Odeabank's 12.5% CET1 ratio as of March 2017 is the highest among its Turkish peers, however Moody's notes the downside risk that its Lebanese parent, Bank Audi, could take steps to upstream capital in excess of Odeabank's prudential limits, in case of need, in a scenario of adverse developments in the already challenging Lebanese operating environment.
In Moody's opinion, the bank's profitability is modest and will face headwinds to improve significantly. Over the period 2014-Q1 2017 the bank generated a modest average net income equivalent to 0.4% of tangible assets. Moody's views a significant improvement as challenging because of i) rising funding costs given intensifying competition in Turkey for deposits combined with the bank's branch-light business model (only 51 branches) and ii) a higher cost of credit given increasing problem loans.
Moody's considers Odeabank well positioned for the risk of disturbances in foreign funding markets, given its strong liquidity profile. Odeabank benefits from the combination of moderate foreign-currency (FX) denominated market funds, at about 14% of assets and robust liquidity, with liquid assets equivalent to 28% of total assets at end 2016. The bank is structurally long FX liquidity, as indicated by a conservative FX liquidity coverage ratio, which is swapped into Turkish lira to fund domestic-currency lending. In addition to the potential for upstreaming capital and liquidity, Moody's also considers that there is a risk that, in the event any credit issues were to arise at Bank Audi, these could negatively affect confidence in Odeabank, particularly considering the bank's focus on corporate, commercial and SME clients (89% of loans and 42% of deposits), typically more sensitive than retail clients.
The negative outlook on the bank's long-term deposit ratings is driven by the negative outlooks on the ratings of both the parent and the Turkish sovereign (Ba1, negative), as well as by the potential for the challenging operating environment in Turkey to weaken the Turkish banks' financial fundamentals.
Moody's assigns Ba3 deposit rating to Odea Bank; outlook negative
Global Credit Research - 14 Jul 2017
London, 14 July 2017 -- Moody's Investors Service has today assigned Ba3 long-term deposit ratings, Not Prime short-term deposit ratings and a ba3 standalone baseline credit assessment (BCA) and adjusted BCA to Odea Bank A.S. (Odeabank). The outlook on the long-term deposit ratings is negative.
Moody's has also assigned National Scale Deposit Ratings of A2.tr/TR-1 and a Counterparty Risk Assessment of Ba2(cr)/Not Prime(cr).
RATINGS RATIONALE
Moody's says that the ba3 BCA is underpinned by Odeabank's overall solid financial profile and prudent risk culture but constrained by the challenging Turkish operating environment.
Moody's notes that Odeabank -- Turkey's 13th largest bank by assets - is a relatively new bank set up in 2012 by Lebanon's Bank Audi S.A.L. (Bank Audi; B2 negative/b2), which now has a 76% stake, with multinational institutions International Finance Corporation and European Bank for Reconstruction and Development as minority shareholders.
According to Moody's, the bank's prudent risk culture partially mitigates rising problem loans, modest coverage and loan concentration. Moody's expects the bank's problem loans of 3% at March 2017 to rise to around 5% next year, owing to the seasoning of the portfolio. Coverage with specific provisions, at 45%, however, is weaker than peers. Furthermore, loans exhibit a degree of concentration by both borrower and sector.
Odeabank's capitalisation is sound, Odeabank's 12.5% CET1 ratio as of March 2017 is the highest among its Turkish peers, however Moody's notes the downside risk that its Lebanese parent, Bank Audi, could take steps to upstream capital in excess of Odeabank's prudential limits, in case of need, in a scenario of adverse developments in the already challenging Lebanese operating environment.
In Moody's opinion, the bank's profitability is modest and will face headwinds to improve significantly. Over the period 2014-Q1 2017 the bank generated a modest average net income equivalent to 0.4% of tangible assets. Moody's views a significant improvement as challenging because of i) rising funding costs given intensifying competition in Turkey for deposits combined with the bank's branch-light business model (only 51 branches) and ii) a higher cost of credit given increasing problem loans.
Moody's considers Odeabank well positioned for the risk of disturbances in foreign funding markets, given its strong liquidity profile. Odeabank benefits from the combination of moderate foreign-currency (FX) denominated market funds, at about 14% of assets and robust liquidity, with liquid assets equivalent to 28% of total assets at end 2016. The bank is structurally long FX liquidity, as indicated by a conservative FX liquidity coverage ratio, which is swapped into Turkish lira to fund domestic-currency lending. In addition to the potential for upstreaming capital and liquidity, Moody's also considers that there is a risk that, in the event any credit issues were to arise at Bank Audi, these could negatively affect confidence in Odeabank, particularly considering the bank's focus on corporate, commercial and SME clients (89% of loans and 42% of deposits), typically more sensitive than retail clients.
The negative outlook on the bank's long-term deposit ratings is driven by the negative outlooks on the ratings of both the parent and the Turkish sovereign (Ba1, negative), as well as by the potential for the challenging operating environment in Turkey to weaken the Turkish banks' financial fundamentals.
bia06
Listen other's viewpoint avoid conflicts & wars.
...vado a memoria, mi sembra haircut del nominale sia avvenuto viste le perdite riportate a fine 2016...come detto, a memoria....
Joe Silver
Forumer storico
Direi che sono stati cinque anni positivi per noi sordidi speculatori (a parte qualche prodezza estemporanea)
marc
Forumer storico
Grazie
Joe Silver
Forumer storico
Vedo che la perpetua Aegon 6% scambia quasi a 108: che succede?
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