Taiwan

Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection

The bank had failed to establish proper internal control systems
9 hours ago

Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection

The bank had failed to establish proper internal control systems
9 hours ago

Taiwan regulator fines Bank SinoPac $570k over regulatory rules breach

The FSC also ordered the bank to suspend its president for three months.
10 hours ago

Taiwan bad loans increased by $400m in July

Total outstanding loans increased to $1.19t at the end of July.

Turning pandemic woes into a sea of opportunities for digital banking

Bank SinoPac has demonstrated its digital strength to accelerate the digitisation of its customer service and internal operations.

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