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Taishin Financial Holding Co. Ltd. Dec 11 Product Image

Taishin Financial Holding Co. Ltd. Dec 11

  • ID: 2034846
  • December 2011
  • Standard & Poors

Abstract
Niche market player in Taiwan's consumer banking business Above-average revenue diversification supported by a stable fee income base Adequate capitalization relative to its risk profile Moderate profitability by Asia-Pacific standards with constrained net interest margin The sensitivity of its gradually improving credit risk profile to adverse economic changes Standard & Poor's Ratings Services bases its ratings on Taiwan-based Taishin Financial Holding Co. Ltd. (Taishin FHC) on the stand-alone credit profile (SACP) of Taishin International Bank Co. Ltd. (Taishin Bank; BBB/Stable/A-2, cnA/cnA-2), which is a "core" entity of the Taishin FHC group, and the holding company's subordination to the group's core entities. The SACP of Taishin Bank is 'bbb'. This reflects the bank's 'bbb' anchor, "adequate" business position, "adequate" capital and...

Companies mentioned in this report are:
- Taishin Financial Holding Co. Ltd.
- Chang Hwa Commercial Bank Ltd.
- Taishin International Bank Co. Ltd. (Old)

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

Note: Product cover images may vary from those shown

- Taishin Financial Holding Co. Ltd.
- Chang Hwa Commercial Bank Ltd.
- Taishin International Bank Co. Ltd. (Old)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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