- Language: English
- Published: June 2012
Summary: Bank SinoPac Aug 10
- Published: August 2010
- Standard & Poors
The ratings on Bank SinoPac reflect our view that the bank's funding profile and asset quality are adequate, and that the bank has satisfactory capitalization. Counterbalancing factors include the bank's mediocre profitability and scale disadvantage relative to its international peers. Bank SinoPac is a core subsidiary of SinoPac Holdings (BBB-/Stable/A-3), a midsize domestic financial group with adequate liquidity and risk management and mediocre profitability. The bank plays an integral part in the group's business operations and cross-selling activities, contributing about 70% of the group's net worth and 60% of the group's recurring profit over the past five years. The bank has an adequate and stable funding and liquidity profile, which we expect it to maintain over the next two to...
Companies mentioned in this report are: Bank SinoPac,SinoPac Holdings
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Bank SinoPac,SinoPac Holdings
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