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Mega International Commercial Bank Co. Ltd. (Sydney Branch) Oct 07 Product Image

Mega International Commercial Bank Co. Ltd. (Sydney Branch) Oct 07

  • Published: October 2007
  • Region: Global
  • Standard & Poors

Abstract
Good geographical diversification compared with Taiwanese banks Good position in foreign exchange and trade finance markets Satisfactory asset quality Implicit support from the Taiwan government Moderate operating performance 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/Stable/A-1). The ratings on Mega Bank reflect the bank's good market position in Taiwan's foreign exchange and trade finance markets, satisfactory asset quality, and good liquidity. The ratings also benefit from a certain degree of government support in view of Mega Bank's increased market share of loans and deposits...

Companies mentioned in this report are: Mega International Commercial Bank Co. Ltd. (Sydney Branch),Mega International Commercial Bank Co. Ltd.,Chung Kuo Insurance Co. Ltd.,Mega Bills Finance Corp.,Mega Securities Co. Ltd.,Mega Financial Holding Co. Ltd.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

Mega International Commercial Bank Co. Ltd. (Sydney Branch),Mega International Commercial Bank Co. Ltd.,Chung Kuo Insurance Co. Ltd.,Mega Bills Finance Corp.,Mega Securities Co. Ltd.,Mega Financial Holding Co. Ltd.

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