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Taiwanese Banks in China Score Milestone Profits Exceeding US$100M. in First 10 Months

2014/12/01 | By Judy Li

Over 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

Source: the said banks