LENDING & CREDIT | Jason Oliver, Taiwan

Bank of Taiwan's profit plan: increase risky loans

It has lost money for two straight months this year, yet Bank of Taiwan plans to start making money by increasing loans at higher interest rates to clients "prone to credit risk". It failed in America, but perhaps Taiwan is different?Bank of Taiwan may begin to make profits in March after posting losses for the first two months of 2009. The country's premier bank plans to achieve this by lending out more money to enterprise customers and raise interest rates on clients that are prone to credit risk, the local Economic Daily News reported, in the China Post. The bank recently financed a NT$5 billion loan of Shin Kong Financial Holding.

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