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Taiwan Cooperative Taiwan's Largest Syndicated Lender in First Half of 2014

Jul 11, 2014 | By CENS

Taiwan Cooperative Bank led syndicated loans among domestic banks with market share of 14.45% in the first half (H1) of 2014 and Bank of Taiwan (BOT) closely followed with 14.42%, according to the statistics compiled by Basis Point of Thomas Reuters.

In Taiwan's syndicated loan market, Taiwan Cooperative and BOT were the only two with market share of over 10% each, and Taishin International Bank took the third place with market share of 9.38%, followed by 7.28% of Mega International Commercial Bank and 7.18% of CTBC Bank.

However, the statistics released earlier by Bloomberg show Taiwan's top-5 syndicated lenders in H1 were in sequence Taiwan Cooperative, BOT, Taishin, Taipei Fubon Commercial Bank, and Land Bank of Taiwan.

Insiders say that the main reason for Taiwan Cooperative leading the syndicated loan market is due to having started foreign-currency syndicated loans in H2, 2013.

Seeing lukewarm business climate for the year, some enterprises have no plans to expand operations, and have tightened capital spending  instead of borrowing money from banks, thus weakening the loans market as a result. So in H1, Taiwan's syndicated loans market saw value of about US$14 billion, a new 5-year low.

It's notable that some domestic banks have joined international consortium in the segment overseas. For instance, Cathay United Bank has recently taken part in an international consortium to extend loans of US$280 million to Petrovietnam Gas Joint Stock Corp., a leading gas company in Vietnam, with others including banks in Thailand, Japan, Singapore, and Malaysia.

Since entering the financial market in Vietnam, Cathay has lent US$120 million to Vietnam Airlines and US$200 million to the Bank for Investment and Development of Vietnam, with reports of the bank to offer loans of about US$50-100 million each to the Industrial & Commercial Bank of Vietnam and Bank of Saigon by the end of this year. (JL)

Taiwan's Top 10 Syndicated Lenders in First Half of 2014
Rank
Lender
Market share (%)
1
Taiwan Cooperative
14.45
2
BOT
14.42
3
Taishin
9.38
4
Mega
7.28
5
CTBC
7.18
6
Taipei Fubon
7.14
7
Land Bank
6.14
8
Chang Hwa Bank
5.07
9
First Bank
3.69
10
Mizuho Corporate Bank
2.67
Source: Basis Point


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