LENDING & CREDIT | Cesar Tordesillas, Taiwan

Industrial Bank of Taiwan to open leasing outlet in Tianjin

Industrial Bank of Taiwan is planning to open a financial leasing outlet for small-and medium-sized enterprises in Tianjin within the year.

One of Taiwan's leading investment banks, IBT is studying the feasibility of either setting up a directly owned leasing company to run the Tianjin office or opening the outlet under its existing leasing unit — IBT International Leasing Corp.

IBT Chairman Kenneth Lo said the bank has decided to use Tianjin as its China headquarters due to its business ties with the Chinese city.

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