Summary: Confederacion Espanola de Cajas de Ahorros May 07
- ID: 2026809
- May 2007
- Standard & Poors
The ratings are supported by Confederacion Espanola de Cajas de Ahorros' (CECA) key role as the representative and operational arm of Spain's savings banks, as well as its moderate risk appetite and strong capitalization. They also reflect CECA's just adequate risk management systems, which are gradually being upgraded. In addition, profitability is low, owing to CECA's role as a service provider, meaning that it does not seek profit maximization. CECA plays an important role in the Spanish savings bank sector, acting as an intermediary within payment systems and a provider of a wide range of product and services, in addition to its role as the sector's representative arm. Its strategy and operations are completely focused on efficiently providing the best...
Companies mentioned in this report are: Confederacion Espanola de Cajas de Ahorros
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