台北商銀維持「twA」評等不變

2003/02/27

 

      中華信用評等公司(以下簡稱中華信評)確認台北國際商業銀行(以下簡稱台北商銀)的長短期信用評等等級分別為「twA」(代表具有強的財務承諾履行能力)與「twA-2」,評等展望「穩定」。此評等結果係反映出,台北商銀高於平均的資產品質及令人滿意的的資本水準。同時,此評等結果亦將該行身處大台北地區之有利位置納入考量。緩和該行前述優勢的因素則為:國內銀行界的激烈競爭。

 

      台北商銀持續展現出高於國內同業平均水準的資產品質。此外,與同業相較,該行的資產品質也較未受到銀行業授信品質惡化的影響。台北商銀能有如此的表現,部分應可歸功於該行審慎的授信政策。另外,台北商銀的營業地理區集中,亦使得其以因大台北地區相對較為強健及多元的經濟環境而受惠。不過,該行的放款組合中之數個財務狀況不佳的集團戶,仍可能對其資產品質造成些許壓力。

 

      台北商銀向來維持令人滿意的資本水準。民國91年底,台北商銀的調整後股東權益對資產比約為9%,高於業界平均。該行的資本品質內容良好,90%以上為第一類資本。91年10月,該行完成新台幣10億元的增資,將其實收資本提高至新台幣200億元,達到主管機關對成立金控公司的最低資本額門檻規定。然而,該行是否會籌組成立金控公司,目前不確定性仍高。

  

      為符合可赴中國大陸設立辦事處的申請資格條件,台北商銀目前正透過積極打銷壞帳方式,努力將其按官方定義計算的逾放比降至2.5%以下。為了達到此一目標,台北商銀可能會採取較以往更積極之提存及轉銷壞帳之行動。此可能之行動對該行財務結構可能帶來的潛在影響,已被列入本次評等的考量因素當中。

 

評等展望:穩定

    台北商銀「穩定」的評等展望,係基於預期該行應可藉由審慎的授信政策,將其資產品質維持在高於平均的水準。但若該行大幅調整策略,則中華信評將可能對其評等重新進行檢視。

 

 

 

 

 

 

                   INTERNATIONAL BANK OF TAIPEI     

                  

TRC Current Isuuer Ratings : Long term:         twA          2003/02/27
  Short term:         twA-2
  Outlook:           Stable

 

Credit Rating History:         1999/03/16        twA/Stable/twA-2

Analyst                     Jerry Fang

 

RATIONALE

Taiwan Ratings Corp.(TRC) affirmed its ‘twA’ counterparty credit rating and ‘twA-2’

Short-term credit rating on International Bank of Taipei(IBT). The ratings reflect the

bank ‘s above-average asset quality and satisfactory capitalization. The ratings also take

into account IBT’s niche position in the greater Taipei metropolitan area. Moderating

these positive factors is the strong competition in Taiwan’s fragmented banking

industry.

 

IBT maintains above average asset quality within the domestic context. Moreover the

bank’s asset quality has been less affected by the deterioration of credit quality in the

banking sector than its rivals. This can be partly attributed to IBT’s prudent credit

policy. The bank’s regional focus also enables it to benefit from the comparatively

stronger and more diverse economy in the greater Taipei metropolitan area. However,

several financially distressed groups on IBT’s loan book still pressure the bank’s asset

quality.

 

IBT’s capitalization remains satisfactory. The bank’s ratio of adjusted equity to assets

of about 9% at the end of 2002 was higher than the industry average. IBT’s capital base

was of good quality with more than 90% in the form of Tier I capital. The bank had a

small capital injection of NT$1 billion in October 2002 to increase its paid-in capital to

NT$20 billion to meet the minumum capital requirement for establishing a financial

holding company. Nevertheless, a high degree of uncertainty about the establishment of

the holding company remains.

 

IBT is considering reducing its official nonperforming loan ratio to below 2.5% through

aggressive charge-offs to quality for applying to establish a representative office in

mainland China. To this end, the bank is likely to take more aggressive provisioning

and write-off actions. The associated potential impact on its financial profile has been

factored into the ratings.

 

 

OUTLOOK: STABLE

The stable outlook reflects the expectation that IBT will be able to maintain

above-average asset quality through its prudent credit policy. Nevertheless, if the bank

makes any significant strategic moves, TRC would review the ratings.