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Bank of Taiwan Mar 05
Standard & Poors, March 2005
Abstract
Leading market position Satisfactory asset quality High liquidity Sound capitalization Government ownership Strong competition Tight net interest margins High dependence on volatile equity investment income The ratings on Bank of Taiwan (BOT) reflect the bank's leading position in the domestic market, satisfactory asset quality, high liquidity, and sound capitalization. The bank's 100% ownership by the Taiwan government and administrative functions it carries out on behalf of the government are additional positive rating factors. These positive factors are counterbalanced by the bank's weak profitability amid a very competitive environment. BOT's asset quality and loan quality are both satisfactory and better than the Taiwan banking sector average. The bank's ratio of nonperforming assets improved to an estimated 2.3% at the end of...
Companies mentioned in this report are: Bank of Taiwan,First Commercial Bank Ltd.,Taiwan Business Bank,Hua Nan 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
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