State-run Mega International Commercial Bank (兆豐銀行) yesterday said that it would offer high interest rates for time deposits denominated in US dollars for a limited time next month, as local lenders seek to take advantage of growing investment interest in the greenback.
The banking arm of Mega Financial Holdings Co (兆豐金控) said that it would offer interest rates of 7 percent for two-month time deposits denominated in US dollars, in an effort to stay competitive with peers that offer similar rates.
The rates would be in effect from Aug. 1 to 5 for individual deposits of US$1,000 to US$3,000 per account, the
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Only seven financial firms this year ranked among the top 5 percent in the Taiwan Stock Exchange’s corporate governance evaluation, down from 11 a year earlier, as some were cut due to lax internal controls or improper operations, the exchange said on Thursday.
Out of 45 companies, only state-run Mega Financial Holding Co (兆豐金控), SinoPac Financial Holdings Co (永豐金控), CTBC Financial Holding Co (中信金控), First Financial Holding Co (第一金控), King’s Town Bank (京城銀行), O-Bank Co (王道商業銀行) and China Life Insurance Co (中國人壽) were among the top 5 percent, the exchange said.
CTBC Financial, O-Bank and China Life Insurance were new entries this
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