Taiwanese Banks in China Score Milestone Profits Exceeding US$100M. in First 10 Months
2014/12/01 | By Judy LiOver the past couple years Taiwanese banks have expanded into China to see rising profits. So far 11 Taiwanese banks have operations there and in the first 10 months have scored profits exceeding US$100 million, a milestone, also being confident to see 2014 profits double last year's.
Cathay United Banks and First Bank were the only two with profits of more than US$10 million each from China during the period, with the former's being US$19 million and the latter US$13 million, whose branches are both in Shanghai.
Recently the China Banking Regulatory Commission issued an official letter to banks in China, reminding them to be cautious about lending to businesses whose debt-to-equity ratios are too high, or ones with excessive production or expansion, particularly those in real estate and construction industries. (JL)
Profits of Taiwanese Banks in China in First 10 Months | ||
| Location in China
| Profits (US$M.)
|
Cathay United
| Shanghai
| Over 19
|
First
| Shanghai
| Over 13
|
Taiwan Cooperative Bank
| Suzhou
| Over 9
|
Mega International Commercial Bank
| Suzhou
| Over 9
|
Bank of Taiwan
| Shanghai
| Over 9
|
Land Bank of Taiwan
| Shanghai
| Over 8
|
Chang Hua Bank
| Kunsan
| Over 8
|
Hua Nan Bank
| Shenzhen
| Over 6
|
E. Sun Bank
| Dongguan
| Over 4
|
Taiwan Business Bank
| Shanghai
| Over 3
|