Satisfactory financial profile Good capitalization Membership of the financially-sound Fubon group Slightly below average profitability Strong competition The ratings on Taipei Fubon Commercial Bank (Taipei Fubon Bank) reflect the bank's satisfactory market position, above-average asset quality, good capitalization, and membership of the Fubon Financial Holding Co. Ltd. (Fubon FHC, BBB/Stable/A-) group. Counterbalancing factors include the bank's slightly below average profitability (on a pro-forma basis) and the challenges it faces in expanding its business in the face of strong competition. Taipei Fubon Bank was formed on Jan. 1, 2005 through a merger of two banking subsidiaries, TAIPEIBANK and Fubon Commercial Bank (Fubon Bank), of the Fubon FHC group. The post-merger integration process has proceeded smoothly and Taipei Fubon Bank has enhanced
