More News
BRANCH BANKING | Staff Reporter, Taiwan

Bank of Taipei to open branch in Taoyuan by year-end.

It has 22 branches, outlets in Taipei, New Taipei City.

Bank of Taipei said it plans to grow its scale and clientele outside the Greater Taipei area. Sources said the bank could do mergers and acquisitions to boost its economies of scale and profitability.

The bank currently limits its operations to 22 branches and outlets in Taipei and New Taipei City. It is capitalized at US$79 million.

Bank of Taipei reported a net income of US$1.77 million for the first half of the year, up 37% from US$1.3 million on-year due to higher interest and fee incomes. It aims to raise fund sales to 10% of total deposits or a 1% market share.

Bank of Taipei developed into a commercial bank in 2007 and was listed on Taiwan’s Emerging Stock Market the same year.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.