Taiwan identifies top state-owned banks

First Commercial Bank is ranked first.

The Financial Supervisory Commission said First Commercial Bank was the best performer among eight state-run banks over the past two years. Taiwan Cooperative Bank and Taiwan Business Bank were the worst.

FSC said it has been inspecting local banks over the last two years in four aspects: financial health, legal compliance, consumer protection and risk control.

Taiwan Cooperative Bank and Taiwan Business Bank fared poorly, but for different reasons. The former had a hard time integrating company culture after it acquired Farmers Bank of China and several credit unions.

On the other hand, Taiwan Business Bank’s focus on small and medium-sized enterprises made it inclined to adopt looser credit measures with certain clients.