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Bank SinoPac Aug 11
Standard & Poors, Aug 2011
Abstract
Adequate liquidity and funding profile Adequate asset quality and credit risk control Satisfactory capitalization relative to its risk profile Moderate profitability, albeit recovering trend Scale disadvantage relative to its international peers' The ratings on Bank SinoPac reflect the bank's adequate liquidity and funding profile, adequate asset quality, and satisfactory capitalization relative to its risk profile. Counterbalancing factors include the bank's moderate profitability and scale disadvantage relative to its international peers'. Taiwan-based Bank SinoPac is a core subsidiary of SinoPac Holdings (BBB-/Stable/A-3; cnA-/cnA-2), a midsize domestic financial group with adequate liquidity and risk management and moderate profitability. The bank plays an integral part in the group's business operations and cross-selling activities, contributing about 70%-75% of the group's net worth and more...
Companies mentioned in this report are: Bank SinoPac,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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