Lianhe Global has assigned ‘A-’ global scale Long-term Issuer Credit Rating with Stable Outlook to Xiamen International Bank Co., Ltd. (“XIB” or “the bank”)
The Issuer Rating reflects Xiamen International Bank Co., Ltd. (“XIB”)’s established network in economically advanced regions in mainland China, as well as Hong Kong and Macau, stable funding sources and adequate liquidity. In addition, we expect that there is a high possibility that the Fujian Provincial People’s Government (“the Fujian government”) would provide strong support to XIB if needed, considering their strong linkage. The rating also considers XIB’s under-pressure capital adequacy, asset quality, and weakening profitability.
The Stable Outlook reflects our expectation that XIB will maintain its established market position and its linkage with the Fujian government while maintaining the capital adequacy ratio and liquidity ratio at the level commensurate with its credit profile.