Local banks’ overseas branches regained momentum in April as their pretax profits rose 147 percent year-on-year to NT$3.45 billion (US$124.45 million), compared with an annual decline of 23.2 percent in the first quarter, Financial Supervisory Commission data showed. Banks’ overseas branches were under less pressure from bad loans in April, enabling them to set fewer loan provisions and write off fewer bad loans, Banking Bureau Deputy Director-General Huang Kuang-hsi (黃光熙) told a videoconference on Thursday. Overseas branches had been battling with rising non-performing loans since the middle of last year, as many of their debtors failed to repay loans because the COVID-19