Banks name and shame bad debt account holders

State-owned Land Bank of Taiwan (土地銀行) last night published the names of 51 account holders who had bad debts of more than NT$100 million (US$3 million) as of the end of last year.

Hon Bon Development Co (虹邦建設) tops the list with bad loans of NT$1.899 billion. In total, the bad loans amount to NT$13.46 billion, Land Bank of Taiwan said.

Other prominent defaulters include businesses run by former Control Yuan member Chu An-hsiung (朱安雄) -- for example, An Feng Steel (安鋒鋼鐵) defaulted on NT$617 million and Feng An Metal Co (峰安金屬) NT$359 million.

State-run Central Trust of China (中央信託局) disclosed 46 bad loan accounts totalling NT$11.43 billion as of Dec. 31.

Several private banks also revealed the names of default accounts exceeding NT$100 million.

Cosmos Bank Taiwan (萬泰銀行) disclosed on its Web site 17 bad loan accounts, with An Feng Steel topping the list with NT$923.24 million.

That was followed by the NT$841.08 million owed by Tun Yun Corp (東雲), a subsidiary of the Tuntex Group (東帝士集團) run by Chen Yu-hao (陳由豪).

Shanghai Commercial & Savings Bank (上海商銀) said it has 37 default accounts for a total of NT$7.96 billion, while Far Eastern International Bank (遠東商銀), Ta Chong Bank (大眾銀行) and King's Town Bank (京城商銀) also released the names of 30 bad loan accounts last night.