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Bank of Taiwan
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Kao Fong to Take out Loan for Expansion
Jul 1, 2014Kao Fong Machinery Co., Ltd., a subsidiary of Hota Industrial Mfg. Co., Ltd., has signed a syndicated loan of NT$1.1 billion (US$36.6 million) with eight Taiwan-based banks to finance its expansion?amid promising market outlook. The ...
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Wealthy Shareholder Innolux Cannot Receive Bailout Chi Mei
Aug 7, 2013The creditor banks for Chi Mei Lighting Technology Corporation are demanding the company's shareholder groups like Innolux Corportation and Chi Mei Corporation to repay the company's debt. However, Innolux Corportation's response was that ...
Tags: LED, LED lighting
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People's Bank of China Announced Designation of The Taipei Branch of The Bank of China
Dec 13, 2012Taipei, Dec. 12, 2012 (CENS)--People’s Bank of China announced yesterday (Dec. 11) designation of the Taipei branch of the Bank of China (BOC) as the renminbi clearance bank in Taiwan, thereby kicking off the cross-Taiwan Strait ...
Tags: Currency Clearance, currency clearance mechanism, deposit, remittance
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A New Product Will Hit The Global-Board Bond Market
Dec 13, 2012Taipei,Oct.17,2012(CENS)--After the absence of new issuance for two years,a new product will hit the global-board bond market,as BNP Paribas will float 200 million Australian dollars of corporate bond,with interest rate topping 4%.Since the ...
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The Global Financial Tsunami Has Shifted The Worlda's Financial Center
Dec 11, 2012Taipei,Oct.8,2012(CENS)--The global financial tsunami has shifted the worlda's financial center from Europe and the United States to Asia,hence motivating the Taiwanese government to encourage Taiwanese banks to explore the Asian market,as ...
Tags: Taipei, the global financial tsunami, Financial Supervisory Commission
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Taiwan's Leading Syndicated Lenders Have Offered Rates Below 2% as Underwriters
Nov 28, 2012Taipei, Nov. 2, 2012 (CENS)--To stay competitive, Taiwan’s leading syndicated lenders, including Bank of Taiwan (BOT) and Mega International Commercial Bank, have offered rates below 2% as underwriters of some big loans recently. ...
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SinoPac Financial Holding Opened a Bank Branch in Kinmen
Nov 27, 2012Taipei, Nov. 20, 2012 (CENS)--SinoPac Financial Holding Co., a private financial holding company in Taiwan, recently opened a bank branch in Kinmen, an offshore island of Taiwan, and a leasing branch in Xiamen, Fujian Province, China. ...
Tags: Sinopac Fhc, cross strait operation, finance, Taiwan
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Taiwan's Domestic Banks Held Deposits of NT$28.05 Trillion
Nov 27, 2012Taipei, Nov. 20, 2012 (CENS)--Taiwan’s domestic banks held deposits of NT$28.05 trillion (US$935 billion) as of the end of August, up 5.8% year on year, with term deposits accounting for NT$12.72 trillion (US$424 billion) or 45%, ...
Tags: domestic bank, Financial Supervisory Commission, deposit
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Domestic Banks Will Be Able to Inaugurate Renminbi-Related Businesses
Oct 30, 2012Taipei, Oct. 30, 2012 (CENS)--With the memorandum for cooperation in cross-Taiwan Strait currency clearance having taken effect, domestic banks will be able to inaugurate renminbi-related businesses following the designation of renminbi ...
Tags: CBC, Central Bank of China, People's Bank of China, domestic banks
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Taiwan's Credit-Card Spending Totals US 57.66 Dollars B.July to June
Sep 25, 2012Taiwan's credit-card spending hit NT$1.73 trillion(US$57.66 billion)from last July to this June,based on the statistics compiled by Taiwan's Financial Supervisory Commission(FSC),which notes Taiwan's credit-card spending reached NT$1.67 ...
Tags: Taiwan, credit card, FSC, VISA
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DBUs Will Initiate Renminbi-Related Businesses Comprehensively
Sep 20, 2012Starting November 1,domestic designated banking units(DBUs)will initiate renminbi-related businesses comprehensively,announced the Financial Supervisory Commission(FSC)yesterday(Sept.19). As a result,local people will be able to deposit ...
Tags: RMB business, DBUs, domestic banks, Taiwan, economic policy
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The Shanghai Branch of The Bank of Taiwan Was Designated Yesterday
Sep 18, 2012Taipei,Sept.18,2012(CENS)--The Shanghai branch of the Bank of Taiwan was designated yesterday(September 17)as the clearance bank for the NT dollar in mainland China.The Shanghai branch of the Bank of Taiwan is scheduled to start NT-dollar ...
Tags: Bank of Taiwan, clearance bank for Nt dollar, agent bank
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CBC Tends to Keep The Existing Low Rates
Sep 7, 2012Taipei,Sept.7,2012--In the face of the sluggish economy and rising inflation,the Central Bank of China(CBC)tends to keep the existing low rates,to bolster economic growth,while tightening fund control,to avoid its flow to the realty market ...
Tags: CBC, rising inflation, economy
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Taiwan and China Have Signed The Memorandum of Understanding
Sep 3, 2012Perng Fai-nan, governor of the Central Bank of China (CBC), announced on August 31 that Taiwan and China have signed the memorandum of understanding for cross-Taiwan Strait currency clearance and will select the clearance bank in the next ...
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The Loan Is Being Borrowed by a Unit of Sany Group
May 28, 2012Sany Group Co., the owner of China's biggest machinery maker, got commitments from 10 banks for its $200 million-equivalent three-year loan, according to a person familiar with the matter. Bank Sinopac, Chinatrust Commercial Bank and Tai ...
Tags: market view, machinery