...Stable Credit Profile: Far Eastern International Bank's (FEIB) ratings are driven by the bank's intrinsic credit profile, and its assigned Viability Rating (VR) is in line with its implied VR. Fitch Ratings expects the credit profile to remain stable, supported by its balanced business mix between corporate and retail, moderate risk appetite, sound asset quality, and adequate loss-absorption and liquidity buffers. Stable Operating Environment: We expect Taiwan's economy to remain resilient, with forecast GDP growth at 10.5% in 2026 and 4.9% in 2027, compared with 8.8% in 2025. Exports of AI-related products and investments should support the economy, underpinning the operating environment (OE) for Taiwan banks. The OE score is below the implied category score of 'aa', reflecting the banks' high fragmentation, which we believe will continue to constrain operating conditions and limit banks' ability to enhance financial performance significantly. Stable Business Profile: FEIB had a modest...
