Taiwan

Asia Development Bank(ADB)'s latest news shows that its Trade Facilitation Program ( TFP) will increase trade volume of USD 1.2 billion among some difficult member countries due to the cooperation with OFID. It will stick to the traditional LC or banks' guarantee as trade facilitation tools to assist SMEs in emerging countries . Trade Facilitation Program , a product using LC and guarantee to promoting trade among commercial banks, was initiated by European Bank of Reconstruction and Development (EBRD)whose mission is to assist its 29 member countries to quickly develop their economies in order to not falling back to communism after the collapse of Soviet Union in 1991.

600 retailers and over 1,200 cashiers in the mall will be served.

Selection of Renminbi settlement bank proceeding cautiously.

A conservative loan growth forecast.

Down 18.34 percent from previous month.

Cathay Financial reported NT$1.69 billion (US$57.48 million) in net income in September, up 24.26 percent from the previous month.

Fubon Financial earned NT$2.84 billion or US$96.59 million in net income last month, significanlty increasing the NT$2.25 billion it earned in August.

The meeting will bring together nearly 30 DBS board directors and top executives from key Asian markets.

With Taiwan's banking industry having become overcrowded, Taiwan Cooperative Financial Holding Co aims to shut at least five branches next year.

Cosmos Bank will slash its capital and then raise fresh funds through private placements to replenish capital eroded by losses.

Taiwan's Financial Supervisory Commission, the banking industry regulator, reports that Taiwan’s banks are expanding into Southeast Asia on a massive scale.

Taiwan’s Fubon Financial is seeking a 51 percent stake in China-based First Sino Bank for RM2.09 billion within the year.

Citibank Taiwan can immediately extend its renminbi-based products and services once Taiwan and China work out currency clearing and settlement rules.

The TAIEX fell below the 7,700 point mark Wednesday as turnover shrank further amid lingering concerns over debt problems in the eurozone, dealers said.

With its jump from 57th place in 2011, could Taiwan be the next offshore RMB clearing centre?

New housing loans from five leading banks In Taiwan reached their lowest levels since February.