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Bank SinoPac Nov 05
Standard & Poors, Nov 2005
Abstract
Satisfactory asset quality and capitalization Prudent risk controls Satisfactory niche position in certain products Highly competitive banking sector with low profit margins Small market share and limited pricing power The ratings on Bank SinoPac reflect its satisfactory financial profile, prudent risk controls, and adequate position in certain niche products. Bank SinoPac's improving franchise and business profile contributed to Standard & Poor's decision in July 2005 to raise the ratings on the bank. Counterbalancing factors include the challenges Bank SinoPac faces in order to grow in Taiwan's highly competitive banking sector. The outlook is stable. Bank SinoPac has consistently improved its franchise and business profile in recent years. The bank's share of the domestic banking system's assets increased to 1.9% at...
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
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