Tue, Jan 01, 2013 - Page 14 News List

[ BUSINESS BRIEFS ]

Staff writer, with Agencies

Taiwan Ratings, the local arm of Standard & Poor’s, made the ratings adjustment on Friday due to concerns about Fubon Bank’s capitalization, assuming the Taiwanese group fails to provide sufficient capital to its banking subsidiary to fund the purchase of Shanghai-based First Sino Bank.

Fubon Bank’s risk-adjusted capital could also weaken if it and First Sino Bank adopt aggressive growth strategy over the coming one to two years, Taiwan Ratings said in a statement.

This story has been viewed 1921 times.
TOP top