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Taiwan Cooperative aims to boost loans 7% in 2022

State-run Taiwan Cooperative Financial Holding Co (合庫金控) yesterday said it aims to increase total lending by 7 percent this year, after outstanding loans increased 7 percent last month.
It aims to preserve the momentum over the rest of the year, the bank-focused group said, adding that it would prioritize retirement planning and lending to urban renewal projects.
Main subsidiary Taiwan Cooperative Bank (合庫銀行) reported that fee income from wealth management and credit card businesses in the first quarter fell 11.46 percent and 42.86 percent respectively, as global monetary tightening and Russia’s invasion of Ukraine weighed on investment sentiment.
The nation’s largest lender by ....

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