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FIFTH THIRD BANK $100 MILLION MEDIUM TERM NOTES RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

FIFTH THIRD BANK $100 MILLION MEDIUM TERM NOTES RATED 'AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Sept. 15 /PRNewswire/ -- Fifth Third Bank's $100 million 4.0 percent medium-term notes due September 1994 are rated 'AA' by Fitch. Fifth Third Bank, the lead bank subsidiary of Fifth Third Bancorp in Cincinnati, has $5.2 billion in total assets and represents 58 percent of the consolidated entity.
 The rating reflects the bank's exceptionally strong asset quality, which stems from the conservative credit culture fostered by senior management, as well as its consistently strong earnings and higher than peer capital ratios. Fifth Third's diverse range of product lines and the large earnings contributions from its trust and data processing operations greatly enhance the earnings stability of the bank and the consolidated organization.
 While the risk profile of the Cincinnati bank's loan portfolio is slightly higher than that of the consolidated organization, nonperforming assets during last year's recession peaked at only 2.5 percent of gross loans despite the cyclicality of Fifth Third's operating environment. The bank's return on average assets has averaged 1.79 percent during the last five years, and its 8.4 percent Tier 1 capital ratio ranks it among the most strongly capitalized banks in the industry.
 -0- 9/15/92
 /CONTACT: Christopher M. Siedman, 212-908-0524, or Nancy E. Stroker, 212-908-0533, both of Fitch/
 (FITB) CO: Fifth Third Bank ST: Ohio IN: FIN SU: RTG


SH -- NY067 -- 9734 09/15/92 15:10 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
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