The bank's strong funding and liquidity profile The bank's good capitalization relative to its risk profile Its adequate credit risk control mechanism The implicit support of the financially sound Fubon Financial Holding Co. Ltd. group The bank's moderate profitability by international standards Its less diversified business stream than its international peers' The ratings on Taipei Fubon Commercial Bank Co. Ltd. (Taipei Fubon Bank) reflect the bank's strong liquidity and funding profile, good capitalization, adequate credit risk control, and the implicit support from the Fubon Financial Holding Co. Ltd. group (Fubon FHC; BBB+/Stable/A-2). Counterbalancing factors include the bank's moderate profitability and a less-diversified business stream than its international peers'. We expect Taipei Fubon Bank to maintain its strong funding and liquidity