Taipei Fubon Commercial Bank (台北富邦銀行) and six other local banks have offered Chailease Holding Co’s (中租控股) Vietnamese subsidiary a syndicated loan of US$90 million, the first social loan in Taiwan and Vietnam whose proceeds would be used to support small business in the Southeast Asian country.
Chailease International Leasing Co Ltd (仲利國際租賃), a leading leasing service provider in Vietnam, would use the loan to provide micro-financing to Vietnam’s small and medium-sized enterprises (SME) operating in urban and suburban areas, Taipei Fubon said yesterday
The Vietnamese government last year implemented strict quarantine measures to curb the spread of COVID-19, which weighed on the
Taipei Fubon Commercial Bank’s (台北富邦銀行) board of directors yesterday approved a proposal to increase investment in the Web-only Line Bank Taiwan Ltd (連線商業銀行) by NT$2.195 billion (US$73.88 million), which is expected to raise its stake in the virtual bank from 25.1 percent to 27.18 percent.
Taipei Fubon would remain the second-largest shareholder in Line Bank after Line Financial Taiwan Corp (台灣連線金融科技), which holds a 49.9 percent stake.
Taipei Fubon’s decision came as Line Bank seeks to increase its paid-in capital by NT$7.5 billion after its accumulated pretax losses approached one-third of its paid-in capital of NT$10 billion.
Line Bank plans to first reduce
EQUITIES
<strong>TSMC boosts TAIEX</strong>
The TAIEX yesterday reversed earlier losses and closed slightly higher as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) gained and stabilized the broader market, dealers said. The TAIEX ended the day up 48.83 points, or 0.27 percent, at 18,288.21. Turnover totaled NT$302.773 billion (US$10.94 billion), with foreign institutional investors buying a net NT$2.23 billion of shares on the main board, Taiwan Stock Exchange data showed. TSMC rose 1.24 percent to close at NT$651. Its gains contributed more than 65 points to the TAIEX, and boosted the electronics index by 0.08 percent and the semiconductor subindex by 0.42
Fubon Financial Holding Co (富邦金控) on Monday reported net profit of NT$144.6 billion (US$5.22 billion) for last year, up 60 percent year-on-year and the highest among all financial conglomerates.
Earnings per share were NT$12.49.
The results came as the company said net profit for last month was NT$3.77 billion, down 64 percent from NT$10.48 billion a year earlier, mainly because of an annual decline of 85 percent in the earnings of Fubon Life Insurance Co (富邦人壽) to NT$1.2 billion, company data showed.
Despite a decline in net profit last month, which was partially due to its setting aside foreign exchange reserves of NT$3
Taipei, Jan. 4 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said Tuesday that it will issue NT$5.4 billion (US$196 million) in green bonds to fund green building construction and other eco-friendly projects.