Taiwan
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024
A total of 37.89 million cards are active as of end-January, according to official data.
Taiwan banks’ loans up by $10.78b in January: FSC
The bad loans ratio rose to 0.15%.
Indosuez Wealth Management names two new directors to North Asia team
Indosuez Wealth Management has appointed two new directors to its North Asia Team.
37.6 million credit cards active in Taiwan in November: FSC
The number of cash cards remained the same as in October, however.
Taiwan domestic banks extended more loans in November
The bad loans ratio fell by 0.01 percentage point, according to the FSC.
Taiwan reports over 37 million active credit cards in October
The average rate of delinquency was 0.2% by the end of the month.
DBS completes integration of Citi Taiwan consumer business
Almost 3,000 Citi employees are now part of DBS Taiwan.
Line Bank Taiwan launches Fast Financial Platform
As of July, LINE Bank Taiwan has over 1.57 million users.
Shinhan Bank, SCB TechX successfully complete stablecoin remittance pilot
The proof of concept was built on the Hedera network.
Taipei’s Fubon Bank reports record-high Q1 profits
Credit card issuance also saw a surge.
Chart of the Week: Over 1 in 4 of Taiwan’s online transactions use alternative payments
Over a quarter of Taiwanese online shoppers prefer to pay via alternative payment methods.
Taiwan’s FSC accelerates financial cybersecurity measures with new action plan
Some measures include appointing Chief Information Security Officers.
Chart of the Week: Taiwan’s card payments market value to hit $172.8b in 2026
Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.
Citi names Aftab Ahmed as Citibank Taiwan chairman
Ahmed has worked in Citi for over 40 years.
Taiwan banks’ bad loans dropped to $1.86b
NPL ratio remained at 0.16%.
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
Taiwan regulator fines Bank SinoPac $570k over regulatory rules breach
The FSC also ordered the bank to suspend its president for three months.
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