The counterparty ratings on Mega International Commercial Bank Co. Ltd., Sydney Branch (Mega ICBC, Sydney; formerly The International Commercial Bank of China, Sydney Branch) have been equalized with that on its head office in Taiwan, Mega International Commercial Bank Co. Ltd. (Mega Bank; A/Negative/A-1). The ratings on Mega Bank reflect the bank's strong geographical diversification relative to other Taiwanese banks, strong market position in Taiwan's foreign exchange and trade finance markets, strong funding and liquidity profile, and above-average asset quality. They also reflect a degree of government support. Counterbalancing factors include the bank's moderate profitability by international standards, though above-average in a domestic context, and the need to further enhance its market risk management to better comprehend the growing complexity...
Companies mentioned in this report are: Mega International Commercial Bank Co. Ltd. (Sydney Branch),Mega International Commercial Bank Co. Ltd.,Mega Financial Holding Co. Ltd.
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