Next week's ECB monetary policy meeting will test President Christine Lagarde's ability to manage market expectations while at the same time proving that the central bank remains in control.
Taipei, March 30 (CNA) LINE Bank, one of the three web-only banks in Taiwan, is planning to raise its capital size to strengthen its capital structure after reporting a loss of about NT$2.2 billion after less than one year of full operations, according to the Financial Supervisory Commission (FSC).
Taipei, March 29 (CNA) Next Bank, owned by a consortium of commercial and financial interests led by Chunghwa Telecom, began full operations Tuesday, bringing the number of internet-only banks in Taiwan to three.
Next Bank (將來銀行) commenced operations yesterday, becoming the nation’s third Web-only bank to launch services.
More than 40,000 individuals have reserved their bank account numbers on the virtual bank’s Web site since it launched the reservation service on March 7, Next Bank general manager Berlin Hsu (許柏林) said, adding that about 70 percent of them chose their own numbers.
“The popularity of the reservation service indicates that our innovation is well embraced by consumers,” Hsu said.
The bank has set a goal of attracting more than 100,000 customers in two months, more than 500,000 by the end of this year and
Next Bank (將來銀行), the nation’s third Web-only bank, yesterday announced it would open on March 29, aiming to obtain 1 million clients within two years by offering an innovative service.
The bank hopes to attract 500,000 clients in its first phase by collaborating with shareholders such as Chunghwa Telecom Co (中華電信), Mega Financial Holding Co (兆豐金控) and Shin Kong Financial Holding Co (新光金控), chairman Chung Fu-kuei (鍾福貴) told a news conference in Taipei.
More than 1,000 employees of shareholder companies or the bank’s suppliers participated in its pilot run, which started on Jan. 22, Chung said.
Clients can deposit funds, apply for loans,