Fitch affirms Bank of Taipei

Fitch Ratings said it affirmed Bank of Taipei's national long-term rating at A-(twn) and national short-term rating at F1(twn).

The outlook is stable.

The ratings reflect its reasonable capitalization and satisfactory asset quality, Fitch said, as well as the weakness of its small franchise and modest profit level.

Brand building, including adoption of a new name and a new corporate identity system, were key focus areas in 2008 and 2009, the agency said.

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