Mon, Mar 05, 2007 - Page 12 News List

Credit Suisse raises Fubon bank rating

'OUTPERFORM' Despite the nation's challenging banking environment, the Swiss securities house is confident that the company will show its resilience

By Amber Chung  /  STAFF REPORTER

In the near-to-mid term, an increase in investment income could be expected if a change in regulations lifts the overseas investment cap from 35 percent of working capital to 50 percent allowing for a reallocation of assets from cash into higher yielding offshore assets, Choi said.

Fubon Financial closed down 0.51 percent at NT$29.40, while Cathay Financial gained 0.14 percent to NT$69.20 in the Taiwan Stock Exchange on Saturday.

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