Fitch affirms Cathay United Bank

Fitch Ratings said it affirmed Cathay United Bank's individual rating at B/C and support rating at 3.

The ratings reflect its strong franchise and liquidity, sound asset quality and weakened, but still adequate, profitability and capitalization, Fitch said.

The ratings also consider the moderate probability of government support, given the bank's sizable market presence of 4.8% by deposits in Taiwan, the agency said.

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