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Affirmed A+/Stable on Bank of Okinawa | Apr 23, 2010 |
JCR has affirmed the A+/Stable rating on senior debts of the issuer.
Issuer: The Bank of Okinawa, Ltd. (8397)
Senior debts: A+/Stable
<Rationale>
The Bank of Okinawa, Ltd. is a regional bank with its headquarters in Naha City, Okinawa Prefecture. Its funds total over 1.4 trillion yen. The Bank conducts trust as well as banking businesses. The rating is supported by its solid business base in the prefecture, high profitability, and satisfactory capital level both in quality and quantity. The Bank is expected to accumulate retained earnings continuously, as its top-line earnings have improved on the back of increasing loans to corporate customers and it has controlled credit costs.
Issuer: The Bank of Okinawa, Ltd. (8397)
Senior debts: A+/Stable
<Rationale>
The Bank of Okinawa, Ltd. is a regional bank with its headquarters in Naha City, Okinawa Prefecture. Its funds total over 1.4 trillion yen. The Bank conducts trust as well as banking businesses. The rating is supported by its solid business base in the prefecture, high profitability, and satisfactory capital level both in quality and quantity. The Bank is expected to accumulate retained earnings continuously, as its top-line earnings have improved on the back of increasing loans to corporate customers and it has controlled credit costs.
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