By Crystal Hsu / Staff reporterInterest rates for new loans at the nation’s five major state-run banks last month rose 0.014 percentage points to 1.435 percent on average, as lenders raised borrowing costs for mortgages, consumer loans and corporate loans to boost working capital, the central bank said yesterday.
Interest rates for new loans at the nation’s five major state-run banks last month rose 0.014 percentage points to 1.435 percent on average, as lenders raised borrowing costs for mortgages, consumer loans and corporate loans to boost working capital, the central bank said yesterday.
The adjustments came as Bank of Taiwan (臺灣銀行), Land Bank of Taiwan (土地銀行), Taiwan Cooperative Bank (合作金庫銀行), Hua Nan Commercial Bank (華南銀行) and First Commercial Bank (第一銀行) on Monday raised their interest rates after the central bank last week increased its discount rate from 1.375 percent to 1.5 percent to tame inflation.
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“Following the latest adjustments, interest
The nation’s major panel suppliers, AUO Optronics Corp (友達光電) and Innolux Corp (群創), reported that revenue last month tumbled 30 percent and 42.6 percent year-on-year respectively, as sagging TV demand drove panel prices down to historic lows.
AUO said that revenue last month plunged to NT$21.97 billion (US$744 million) from NT$32.12 billion a year earlier, but increased 8.6 percent from NT$20.22 billion in April.
Overall, shipments rose 11.3 percent to 1.75 million square meters, AUO said in a statement.
Innolux said that revenue last month plummeted to NT$18 billion from NT$31.38 billion a year earlier, the lowest since February 2020. On a monthly
Smartphone camera lens maker Largan Precision Co (大立光) yesterday posted a 0.63 percent month-on-month increase in revenue for last month, reversing a 16.73 percent monthly decrease in the previous month, but still declining 6.15 percent from a year earlier.
Consolidated revenue increased to NT$3.15 billion (US$107.2 million) last month from NT$3.13 billion in April, the company said in a statement, as major customers began to restock inventories ahead of new product launches in the third quarter.
The company reported revenue of NT$3.35 billion in May last year.
High-margin lenses for cameras of 20 megapixels or more accounted for 10 to 20 percent
Taiwan Business Bank (台灣企銀) yesterday said it is seeking to improve profitability this year by expanding loans to small and medium enterprises (SMEs) and overseas operations as they generate higher margins.
The state-run lender made the announcement after posting NT$2.12 billion (US$72.74 million) in net income for the first quarter its highest in two-and-a-half years or earnings per share of NT$0.27.
The lender’s efforts to enhance asset quality and diversify sources of income have started to pay off, bank officials told an online investors’ conference, adding that increases in wealth management and fee income helped offset losses linked to volatile