Taiwan

First Bank and ICBC join forces

ICBC is the fourth Chinese bank with which First Bank had signed an MOU for overseas expansion. 

First Bank and ICBC join forces

ICBC is the fourth Chinese bank with which First Bank had signed an MOU for overseas expansion. 

DBS Taiwan to sell new high-yield savings products

Move in response to customers who like to see their deposit rates surge in line with actions taken by the Taiwanese central bank.

Taiwanese banks inks pact with China’s AgBank

Cathay United Bank, Mega International Commercial Bank, and Mega Financial Holding Co. forge cooperation in corporate lending, bancassurance, retail banking and personnel training with AgBank.

Taiwanese mortgagees among highest defaulters

Taiwan's higher loan-to-value loans had a higher gross default ratio of around 5%, while the one with lower LTV loans showed a better performance of 2%, says Moody's.

Taiwan and Taishin to manage Chang Hwa board election

Taiwan earlier planned to increase the government's stake in CHB and to persuade Taishin to sell some of its CHB stocks to state-owned banks.

Fubon first quarter profit up 71% to US$354.9mn

The lender posted a return on asset of 1.18% and return on equity of 18.75%.

Chinatrust mulls buying financial companies in Asia

Part of the lender’s M&A scheme is to set up subsidiaries in China or buy stakes in local banks.

DBS Taiwan reports 103% rise in net profit

DBS Taiwan’s first-quarter earnings more than doubled year-on-year with record earnings of SGD 807 million or NTD 18.6 billion.

DBS has new Taiwan headquarters

DBS Bank inaugurated its new Taiwan headquarters at Shin Kong Xinyi Financial Center at the heart of Taipei’s financial district.

DBS Bank starts offering mortgage-linked insurance

Policy holders can receive payments for death and permanent incapacitation, as they can get up to 40% of the total coverage if they incurred a major accident.

Taiwan banks face risks from property downturn

The improving financials may be more cyclical than structural, said Fitch.

Taiwan's good GDP to boost banks' growth

Taiwan's stable economic outlook and the gradual rise in interest rates could give a modest boost to local banks' net interest margins in 2011.

Taishin Financial maintains interest for insurance sector

The company became more driven to acquire life insurance firm after losing bid to buy MetLife Taiwan.

Chinatrust Financial buys MetLife Taiwan for $180mn

The move will expand Chinatrust’s capability to offer insurance and diversify its revenue sources.

Bank of Taiwan join forces with ICBC

The Taiwanese lender has already inked two separate pacts with Bank of China and Bank of Nanjing since China and Taiwan signed the Economic Cooperation Framework.

Taiwan approves CCB’s application for local office

With the approval the CCB Taiwan representative office can engage in non-operating activities like communicate with Taiwanese banking institutions and clients and collect local financial information.

DBS Taiwan launches new savings products

Products can yield high interest rates of up to 5.38% whose minimum amount that can be transferred is US$10,147, while the maximum is US$338,249.