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Web-only banks' losses continue to mount: FSC data

Bringing Taiwan to the World and the World to Taiwan ....

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Banks begin to deposit NT$6,000 payments early

Bringing Taiwan to the World and the World to Taiwan ....

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《TAIPEI TIMES》 Banks begin to deposit NT$6,000 payments early - 焦點

《TAIPEI TIMES》 Banks begin to deposit NT$6,000 payments early - 焦點
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Taipei Fubon to increase investment in Line Bank

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 ....

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Line Bank's client base hits 1.1m - Taipei Times

Web-only Line Bank Taiwan Ltd (連線商業銀行) yesterday said that its client base had reached 1.1 million people as of the end of last month, adding that it aims to expand its client base this year by offering more products and services.
Another Web-only bank, Rakuten International Commercial Bank Co (樂天國際銀行), had 840,000 clients as of the end of last year, while Next Commercial Bank Co (將來商業銀行), the nation’s third Web-only bank, began operations last month.
As Line Bank is to enter its second year of operations, it would no longer prioritize obtaining new clients, but would focus on serving and retaining them, ....

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