2014 Asia-Pacific Financial Institutions Outlook: Rising Private-Sector Leverage May Overshadow Banks' Performance Amid Softer Economic Prospects Dec 13
- Language: English
- Published: December 2013
The ratings on Chiao Tung Bank (Chiao Tung) reflect its generally satisfactory asset quality and adequate capitalization. Although the bank continues to benefit from its long established relationship with the Taiwan government, a gradual dilution of government support has been factored into the ratings. These strengths are counterbalanced by the low profitability of Chiao Tung's lending business, which results from lending in line with government policy directives. Chiao Tung's overall asset quality is satisfactory, although its loan quality remains modest. On the lending side, the bank's loan quality showed improvement in 2003, after a major clean up of its problem assets. Even though Chiao Tung's ratio of nonperforming assets (NPAs) improved considerably in 2003, some of the bank's corporate clients...
Companies mentioned in this report are: Chiao Tung Bank,Mega International Commercial Bank Co. Ltd.,Chung Kuo Insurance Co. Ltd.,Mega Bills Finance Corp.,Mega Securities Co. Ltd.,Mega Financial Holding Co. Ltd.,Mega International Commercial Bank Co. Ltd. (Sydney Branch)
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Research Type: Full Analysis
Chiao Tung Bank,Mega International Commercial Bank Co. Ltd.,Chung Kuo Insurance Co. Ltd.,Mega Bills Finance Corp.,Mega Securities Co. Ltd.,Mega Financial Holding Co. Ltd.,Mega International Commercial Bank Co. Ltd. (Sydney Branch)