Taiwan

Fitch downgrades select Taiwan financial institutions' hybrid ratings

Companies failed to maintain outstanding debt issues performance as measured by Fitch’s revised hybrid notching criteria.

5 Chinese banks can apply for Taiwanese branches

China wants its banks to directly establish branches without the need of setting up representative office first.

Chinatrust Financial board approves 2.5bln share issue

Price per share of private placement tagged at US$0.51 allows firm to raise US$1.3bln.

Taishin Financial targets 15% more clients

Lender eyes expanding its loan business by 10% and emerging as leader in mobile banking services.

Bank of Taiwan eyes opening first Shanghai branch

Lender allowed investing as much as 15% of its net worth in China.

China opens doors to Taiwanese banks

Six lenders immediately applied for branch expansion in Mainland following FSC approval.

7 of Taiwan`s top-10 syndicated banks are gov`t-linked

Country’s total loans of top-10 syndicated lenders amounted to US$2.5bln led by Taiwan Cooperative at US$544mln.

Bank of Taiwan expects higher loan growth

Lender sees funding of Taiwan’s rail project and improved relationship with foreign banks as growth drivers.

Sumitomo Mitsui targets buying stake in Chinatrust

Chinatrust aims to use Sumitomo’s $85mln investment for its expansion in the mainland.

Fitch: Taiwanese banks to see modest improvements in 2010

Fitch Ratings expects Taiwanese banks to generate slightly better earnings in 2010 as they benefit from the modest global economic recovery.

Sinopac and Taishin reveal loan exposure in Spain

Banks assured customers that they will watch closely on their loan exposure in the European country.

Mega International to partner with Bank of China

Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.

Bank of Taiwan speeds up China market penetration

BOT chair said it considers buying China's municipal banks while forming alliances with its top lenders.

Industrial Bank of Taiwan mulls investing in China

IBT plans to put up a trust company specialising in securitising assets.

Hwatai Bank recovery seen in 2 years

Hwatai Bank is expected to generate pre-loan profits in two years with less credit costs and breakeven bottom-line.

Taiwanese lawmakers reject state-bank merger bid

Finance committee doubts Bank of Taiwan and Land Bank union will create synergy.