First Commercial Bank: Update following rating affirmation

Moody's affirms ratings of First Commercial Bank and First Financial; outlook remains stable - Rating Action – 2024/03/25 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

First Commercial Bank: Update to credit analysis - Credit Opinion – 2023/09/27 – US$ 250.00 – ...First Commercial Bank's (FCB) baa1 Baseline Credit Assessment (BCA) factors in the bank's strong asset quality, adequate capitalization, moderate profitability, solid funding profile and strong liquidity. The BCA also takes into consideration the bank's sizable exposures to the real estate sector, and small and medium-sized enterprise (SME) borrowers. We expect the bank's profitability to remain broadly stable over the next 12-18 months, supported by the growth in net interest income and low credit costs. FCB's A1 long-term deposit rating incorporates the bank's baa1 BCA and Adjusted BCA, and a three-notch uplift for government support based on our assessment of a very high level of government support....

First Commercial Bank: Update to credit analysis - Credit Opinion – 2023/03/29 – US$ 250.00 – ...First Commercial Bank's (FCB) baa1 Baseline Credit Assessment (BCA) factors in the bank's strong asset quality, adequate capitalization, moderate profitability, solid funding profile and strong liquidity. The BCA also takes into consideration the bank's sizable exposure to the real estate sector, and small and medium-sized enterprise (SME) borrowers. We expect the bank's low credit costs and wider net interest margin (NIM) to support its profitability over the next 12-18 months. FCB's A1 long-term deposit rating incorporates the bank's baa1 BCA and Adjusted BCA, and a three-notch uplift for government support based on our assessment of a very high level of government support....

First Commercial Bank: Key facts and statistics - H1 June 2022 - Issuer Profile – 2022/12/12 – US$ 200.00 – ...First Commercial Bank (FCB) is a Taiwan-based bank. As of 30 September 2022, it was the fifth-largest bank in the country in terms of assets and loans with market shares of 6.1% and 6.2%, respectively, and the fourth largest in terms of deposits with a market share of 6.2%. As of 30 June 2022, the bank reported total consolidated assets of TWD3.8 trillion ($129.3 billion). FCB provides retail and corporate banking products, and trust services. It operates mainly in Taiwan through a network of 188 branches as of 31 December 2021. Internationally, it conducts business in Europe, Asia, North America and Oceania through 19 branches (excluding offshore banking units), 10 sub-branches, three representative offices and a US- based subsidiary bank that has eight branches. FCB was founded in 1899 and privatized in 1998. In January 2003, First Financial Holding Company, Ltd. (FFHC) was incorporated and became the holding company of FCB. Since January 2003, First FHC shares have been listed on the...

First Commercial Bank: Update to credit analysis - Credit Opinion – 2022/09/30 – US$ 250.00 – ...First Commercial Bank's (FCB) A1 long-term deposit rating incorporates the bank's baa1 Baseline Credit Assessment (BCA) and Adjusted BCA, and a three-notch uplift for government support based on our assessment of a very high level of government support. FCB's baa1 BCA factors in the bank's strong asset quality, adequate capitalization, good profitability, solid funding profile and strong liquidity. The BCA also takes into consideration the bank's sizable exposure to the real estate sector, and small and medium-sized enterprise (SME) borrowers. We expect the bank's low credit costs and widening interest margin to support its profitability over the next 12-18 months....