The ratings on Taipei Fubon Commercial Bank Co. Ltd. (Taipei Fubon Bank) reflect its satisfactory market position, good capitalization, and membership of the Fubon Financial Holding Co. Ltd. (Fubon FHC, BBB+/Stable/A-2) group. Counterbalancing factors include its slightly below-average profitability by international standards. Taipei Fubon Bank is a core subsidiary of the Fubon group, one of Taiwan's largest and strongest financial groups. The bank's share of the domestic deposit and loan markets was a satisfactory 3.7% and 3.4%, respectively, in June 2006. It has niche positions in the credit card, custodian, and wealth management markets, and is the sole agent for the Taipei City treasury. Taipei Fubon Bank's asset quality remains adequate but has been tested by an industry-wide rise in
