Tear Sheet: Fubon Bank (China) Co. Ltd

This report does not constitute a rating action. What's new: We expect Fubon Bank (China) (BBB+/Stable/A-2) to continue to grow its retail banking. The bank's expansion in retail lending and control over deposit costs boosted its net interest margin by about 74 basis points to 2.21% in 2025. Fubon Bank (China) also acquired the retail business portfolio of United Overseas Bank Ltd. in July 2025, modestly increasing its loan and deposit base. Fubon Bank (China)?s performance improved in 2025, with return on average assets rising to 0.35% from 0.28% a year earlier. Why it matters: We expect Fubon Bank (China)?s continued expansion in retail banking to support its profitability and business diversity. That said, the bank's profit contribution to its

...Ratings Detail (as of May 27, 2026)* Taiwan National Scale twAA+/Stable/-- Fubon Life Insurance Co. Ltd. Financial Strength Rating A-/Stable/-- Taiwan National Scale twAA+/Stable/-- Issuer Credit Rating A-/Stable/-- Taiwan National Scale twAA+/Stable/-- Subordinated Taiwan National Scale twAA Fubon Securities Co. Ltd. Issuer Credit Rating Taiwan National Scale twAA+/Stable/twA-1+ Taipei Fubon Commercial Bank Co. Ltd. Issuer Credit Rating A/Stable/A-1 Taiwan National Scale twAA+/Stable/twA-1+ Subordinated Taiwan National Scale twA Taiwan National Scale twAA- *Unless otherwise noted, all ratings in this report are global scale ratings. S&P Global Ratings' credit ratings on the global scale are comparable across countries. S&P Global Ratings' credit ratings on a national scale are relative to obligors or obligations within that specific country. Issue and debt ratings could include debt guaranteed by another entity, and rated debt that an entity guarantees....

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