Fitch affirms Far Eastern Bank

Fitch Ratings said it affirmed Far Eastern International Bank's long-term issuer default rating at BBB-, short-term issuer default rating at F3, national long-term rating at A(twn), national short-term rating at F1(twn), viability rating at BBB- and subordinated bond rating at A-(twn).

The ratings reflect the bank's continued strengthened asset quality, adequate capitalization and sound liquidity profile, Fitch said.

The ratings also consider the bank's small franchise, which renders it less cost-competitive and structurally constrains its profitability, the agency said.

The stable outlook is based on expectations that the bank will maintain sound asset quality and remain adequately capitalized, Fitch added.

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