Fitch affirms EnTie

Fitch Ratings said it affirmed EnTie Commercial Bank's national long-term rating at A-(twn), along with its national short-term rating at F2(twn), senior unsecured debt at A-(twn) and subordinated debt at BBB+(twn).

The outlook is stable.

The ratings reflect EnTie's adequate capitalization relative to its risk profile, Fitch said, and its reasonably sound asset quality and profitability, Fitch said.

The ratings also consider the bank's small franchise and rather concentrated property-related exposure, the agency said.

Despite likely modest pressure on fee income due to a volatile capital market, Fitch said it expects the bank to deliver moderate profitability in 2011, backed by stable net interest margin and an adequately sound asset quality profile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.