Sat, Oct 26, 2013 - Page 14 News List

CTBC pursuing overseas profits


After riding out waves of bad debt on corporate credit in 2000, consumer lending in 2005 and international syndicated loans in 2008 and 2009, Taiwan’s banks are primed for international growth, Hsu said.

“Taiwanese banks have just recovered, and can now spare the time and the capital to focus on overseas expansion,” he said. “They can now focus on marching overseas in the next five to 10 years.”

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