According to the latest edition of Next Magazine (
Topping the list of the seven most risky banks were three other medium business banks, including Taitung Business Bank (
The survey -- based on first quarter financial reports disclosed by 36 listed banks in Taiwan -- was conducted by the Chinese Institute of Finance (
In the report, a panel of four university professors reviewed the listed banks' asset liability statements, return on equity and non-performing loan ratios to determine whether an institution was a safe or risky banking choice for the public.
The survey found Chung Shing Commercial Bank (
The Medium Business Bank of Kaohsiung District's 22.7 percent overdue loan ratio was the second highest in the survey. With the lowest return on equity, the institution was placed at the top of the risky bank list.
The report also disclosed estimates of overdue loan ratios, and found out that many of them have been seriously under-reported.
For example, the overdue of ratio of Chung Shing Commercial Bank should be 42.75 percent, or 9 percentage points higher than the disclosed figure by the bank.
In addition, the actual overdue loan ratios of several other banks, including Chinese Bank (
While Pan Asia Bank disclosed its overdue loan ratio was 7.79 percent, the Next Magazine article said the actual ratio should be 27.18 percent -- a difference of some 19.39 percentage points.
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