|
|
 |
|
Viewing report
|
|
|
|
Bank SinoPac Nov 07
Standard & Poors, Nov 2007
Abstract
Adequate asset quality Adequate capitalization Adequate risk controls Small business scale by international standards Mediocre profitability The ratings on Bank SinoPac reflect the bank's adequate asset quality, adequate capitalization, and adequate risk controls. Counterbalancing factors include the bank's small size by international standards. Bank SinoPac is a core subsidiary of SinoPac Holdings (BBB-/Stable/A-3). The bank merged with International Bank of Taipei (IBT), another subsidiary of the SinoPac group, in November 2006. Bank SinoPac is the surviving entity. The merger has expanded Bank SinoPac's presence in the domestic loan market, where its market share increased to 3.5% at the end of March 2007, from 2.5% at the end of 2005. Bank SinoPac accounted for about 92% of the SinoPac Holdings group's...
Companies mentioned in this report are: Bank SinoPac,SinoPac Securities Corp.,SinoPac Holdings
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
