Taiwan banks’ profits flat in 2023

Bottom lines are expected to remain flat in the same year.

Taiwan banks’ profits flat in 2023

Bottom lines are expected to remain flat in the same year.

Taiwan signs fintech cooperation MoU with Israel

The country signed a similar agreement with four other countries.

Taiwan banks’ NPL ratio at 0.16% in May

NPLs across the 39 domestic banks in the country totalled US$1.98b.   Taiwan banks’ average non-performing loans ratio stood at 0.16% in May, 0.05 percentage points lower than in the same month in 2021, according to data released by the Financial Supervisory Commission (FSC).   NPLs across the 39 domestic banks in Taiwan totalled US$1.98b (NT$57.58b), an increase of US$0.01b (NT$0.32b) from the $1.97b (NT$57.16b) as of end April.   Total outstanding loans across 39 domestic banks rose to $7.14b (NT$207.5b) during the same period.

Taiwan’s B2B sector sees bad debt triple

The local chemicals industry has as high as 12% of B2B debt turning sour.

Taiwan banks ordered to take measures to safeguard elderly customers

Regulator urges banks to treat elderly customers fairly and reasonably.

LINE Bank marks first year in Taiwan with 1.1 million users

The digital-only bank has been popular with young people.

Taiwan bad loans climb to $2.24b in February

NPL ratio of all 39 domestic banks also increase to 0.18%.

Taiwan bad loans increased to $2.24b in February

The regulator says the asset quality of domestic banks remain ‘manageable’

Taiwan’s bad loans shrank by $2.03b in January

NPL ratio for 39 domestic banks is now at 0.16%.

Taiwan SME loans reach $310b in December 2021

The FSC also reported numbers on credit card, cash card, and e-payment businesses.

DBS acquires Citi’s Taiwan consumer banking business

DBS will pay Citi in cash for the net assets plus a premium of S$956m.

Taipei Fubon Bank to build new wealth management platform

The new platform will be launched in Hong Kong and Singapore before its Taiwan roll-out.

SinoPac Securities awarded for its trailblazing achievements in finance and contributions to the environment

The company received two trophies at the 2021 ABF Corporate & Investment Banking Awards 

Bank SinoPac clinches Taiwan Domestic Remittance Initiative of the Year at ABF Awards

It offered 110,000 migrant workers a safe and affordable platform to send their hard-earned money home.

Bank SinoPac wins big at the ABF Retail Banking Awards 2021

Its iBranch SinoPac addressed the pain points of the traditional branch service model through the O2O digital integration process.

Taiwan card payments market to be worth $187.7b by 2025

The market is forecasted to rebound by over 15% in 2021.