The rating on Standard Chartered Bank (Taiwan) Ltd. (SCB Taiwan) reflects strong support from its parent Standard Chartered Bank (SCB; A+/Stable/A-1), with SCB Taiwan playing a strategically important role within the group, as well as the bank's good liquidity and funding profile, adequate risk management, and adequate capitalization. These strengths are tempered by SCB Taiwan's moderate profitability and average asset quality by Asia-Pacific standards in Taiwan's competitive banking sector. Following SCB's acquisition of Hsinchu International Bank (Hsinchu Bank) in October 2006, SCB's Taiwan branch was amalgamated into Hsinchu Bank on July 2, 2007, and Hsinchu Bank was renamed SCB Taiwan. SCB Taiwan plays a strategically important role in supporting SCB's Asian business development strategy, and is part of the group's...
Companies mentioned in this report are:
- Standard Chartered Bank (Taiwan) Ltd.
- Standard Chartered Bank
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