Very high likelihood of support from the Korean government. Adequate capitalization. Improved loan quality. Small market presence. Retail deposit franchise weaker than peers'. Aggressive in extending loans in recent years, especially in household and real-estate related sectors. The stable outlook on Suhyup Bank reflects our view that the bank will maintain stable asset quality and have a very high likelihood of receiving government support over the next 18-24 months. We expect the bank's loan growth to increase on the back of its strengthened capital base after a recent reorganization. The bank is likely to have stable, albeit moderate, profitability. However, we anticipate that Suhyup will continue to implement adequate underwriting standards. We do not expect the bank to have significant
