Taipei, June 1 (CNA) Taishin Financial Holding Co.'s plan to enter the life insurance business by acquiring Prudential Life Insurance Company of Taiwan Inc. has been approved by regulators, an official said Tuesday.
Cambodia’s Acleda Bank has returned to the loan market after a three-year absence, and is testing lenders’ appetite for three different deals simultaneously.
Prudential has agreed to delay acquisition: Taishin taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Data show rise of uptake of digital savings accounts
By Kao Shih-ching / Staff reporter
There were 7.28 million digital savings accounts in Taiwan as of the end of March, up 12.7 percent from a quarter earlier, Financial Supervisory Commission data showed on Tuesday.
Taishin International Bank (台新銀行) retained top spot with 2.49 million accounts for its Richart online service, up 5.5 percent from 2.36 million at the end of last year, the data showed.
Cathay United Bank (國泰世華銀行) was second with 1.12 million accounts, up 15.8 percent from a quarter earlier, the data showed.
A person holds a smartphone to allow the Line Pay application to be scanned in an undated photograph. There were 7.28 million digital savings accounts in Taiwan as of the end of March, up 12.7 percent from a quarter earlier, Financial Supervisory Commission data showed on Tuesday.
VietinBank Securities bags $90 million syndicated loans from international banks 12:07 | 16/04/2021
International lenders signing the credit facility to support VietinBank Securities
VietinBank securities has received additional funding support with the recent signing of $60 million of syndicated loans, following a $30 million facility just a month ago.
On April 15, a consortium of major international lenders operating in Vietnam â Woori Bank Vietnam (Bac Ninh Branch), Taipei Fubon Commercial Bank Vietnam, and Cathay United Bank Vietnam â has inked an agreement to facilitate $60 million for the additional financial needs of VietinBank Securities.
In particular, Woori Bank Vietnam (Bac Ninh Branch) specifically provided $50 million, while Taipei Fubon and Cathay United provided $10 million altogether.