Bank of Beijing and Taiwan Business Bank ink MOU

The TBB encourages its major clients in China to apply for $14.06mln loans from the BOB.

The Taiwan Business Bank (TBB) and Bank of Beijing (BOB) recently signed an MOU (memorandum of understanding) to share profits and risks in business cooperation, making such agreement the first of its kind among banks on either side of the Taiwan Strait.

T. C. Liao, TBB president, disclosed that the BOB will initially provide five billion renminbi (RMB) or about NT$23.5 billion (US$734.38 million) in credit to TBB’s clients in China, half of which is very likely to be used in the first year.

Liao indicated that many Taiwanese enterprises in China generally need RMBs to finance operations. Based on 300-400 borrowers a year needing US$1 million each, then the total loan value may reach US$370 million or about 2.5 billion RMB, generating service charge of an estimated NT$100 million or about 21.28 million RMB (US$3.13 million).

The TBB is encouraging three of its major clients in China to apply for loans from the BOB totaling 95 million RMB or about NT$450 million (US$14.06 million)

View the full story in News CENS.

Follow the link for more news on

Also Read

AusPayNet welcomes Aussie gov’t retirement of cheques by 2029

Japan Post Bank posts $1.44b net income for H1 FY2025/3

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit