China Development Financial Holding Corp (
The bank plans to set aside NT$16.9 billion to write off bad loans in the second half of this year, it said in a statement.
China Development in January forecast a pretax profit of NT$10.08 billion for the year.
The revision comes one month after China Development named Diana Chen (
"New leadership, new policy," said company spokeswoman Grace Fang. "We want to be more transparent."
Liu came under pressure from the Ministry of Finance to quit after prosecutors filed a 400-page indictment alleging he embezzled funds, received kickbacks and misused money during his time as manager of the KMT's assets.