Cathay United Bank Co. Ltd. Sep 11
Standard & Poors, September 2011
Abstract
Strong capitalization to buffer against potential economic volatility Satisfactory funding and liquidity profile Adequate asset quality and credit risk controls Implicit parental support from the Cathay FHC group Moderate profitability by international standards Moderate diversification relative to global peers' The ratings on Cathay United Bank Co. Ltd. (CUB) reflect the bank's strong capitalization, satisfactory funding and liquidity profile, adequate asset quality, as well as the implicit support from the wider Cathay group, incorporated under Cathay Financial Holding Co. Ltd. (Cathay FHC; BBB+/Stable/A-2; cnA+/cnA-1). Counterbalancing factors include the bank's moderate profitability and business diversification by international standards. CUB is a core member and acts as the sole banking service provider of the Cathay FHC group, one of Taiwan's largest bancassurance groups...
Companies mentioned in this report are:
- Cathay United Bank Co. Ltd.
- Cathay Life Insurance Co. Ltd.
- Cathay Financial Holding Co. Ltd.
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
- Cathay United Bank Co. Ltd.
- Cathay Life Insurance Co. Ltd.
- Cathay Financial Holding Co. Ltd.
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