Taiwan Cooperative Taiwan's Largest Syndicated Lender in H1, 2014
2014/07/08 | By Judy LiTaiwan Cooperative Bank led syndicated lending in Taiwan with market share up 7.7 percentage points from a year earlier to 15.4% in the first half of this year, with Bank of Taiwan (BOT) equaling its market share, according to the statistics compiled by Bloomberg, a U.S.-based business news and financial information provider.
In the same period, Taiwan's top-10 syndicated lenders were all Taiwanese banks except Nomura Securities, a Japanese securities firm. The other foreign lenders in Taiwan's top-20 list include the China Construction Bank, Mizuho Corporate Bank, the Development Bank of Singapore, United Overseas Bank, and Hongkong & Shanghai Banking Corp.
In the first half the syndicated lenders in Taiwan extended loans of US$8.116 billion, down 34% from last year's US$12.315 billion, with Q2 syndicated loans totaling only US$3 billion, a new 5-year quarterly low.
During the period, Taiwan Cooperative witnessed a sharp increase of nearly NT$1 billion or about NT$30 billion in foreign-currency, corporate loans to make it the top lender in the segment. (JL)
| Taiwan's Top-10 Syndicated Lenders in First Half of 2014 | ||
| Rank
| Lender
| Market share (%)
|
| 1
| Taiwan Cooperative
| 15.4
|
| 1
| BOT
| 15.4
|
| 3
| Taishin International Bank
| 10.8
|
| 4
| Taipei Funbon Commercial Bank
| 8.5
|
| 5
| Land Bank of Taiwan
| 7.6
|
| 6
| CTBC Bank
| 7.4
|
| 7
| Mega International Commercial Bank
| 5.5
|
| 8
| Changhua Bank
| 4.6
|
| 9
| First Bank
| 4.2
|
| 10
| Nomura Securities
| 2.1
|