HSBC Bank Taiwan Ltd (匯豐台灣商銀) said it has accepted green deposits totaling NT$30 million (US$1.06 million) from Chang Chun Group (長春集團), TSRC Corp (台橡) and Powertech Technology Inc (PTI, 力成科技), which it would use to finance environmentally friendly projects.
The bank accepted its first green deposits from a corporate clients in January, but it did not reveal the client nor the amount of the deposit, only saying that the depositor is a listed major local business.
Unlike regular deposits, whose funds could be used by banks to create any type of loan, green deposits have strict limits regarding the use of the
UK-based brand valuation consultancy Brand Finance, in cooperation with The Banker, recently published the “Banking 500 2022” survey, which for the eighth time ranked CTBC Bank (中國信託銀行) as Taiwan’s top bank brand, with a brand value of US$1.657 billion, while its overall global ranking rose to 141st.
CTBC Bank’s corporate brand ranking rose by 12 places compared with last year, its brand value grew by 22 percent and its overall brand rating was raised to AA+, making CTBC Bank Taiwan’s most valuable banking brand.
As the global financial industry continues to be affected by the COVID-19 pandemic, financial development trends and
The overseas branches of local banks regained profit momentum last year with annual growth of 58 percent in their combined pretax profits, the first profit growth since the COVID-19 pandemic began on the back of reduced bad debts, the Financial Supervisory Commission said yesterday.
The combined pretax profits at overseas branches totaled NT$32.48 billion (US$1.17 billion) last year, up 58 percent from NT$20.53 billion in 2020, commission data showed.
Combined pretax profits plummeted 49 percent year-on-year in 2020 as the COVID-19 pandemic disrupted the businesses of corporate clients, causing some syndicated loans to turn sour and driving branches to recognize more non-performing
By Kao Shih-ching / Staff reporterDBS Bank Taiwan （星展台灣） is planning to purchase Citibank Taiwan Ltd’s （花旗台灣） consumer banking business for its net assets plus a premium of NT$19.8 billion （US$711.51 million） in cash, the local unit of Singapore-based DBS Group Holdings Ltd said yesterday.