Fri, Sep 17, 2021 page12

• ‘Global Finance’ names CTBC ‘Best Bank in Taiwan’

  • Staff writer
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  The well-known international financial magazine Global Finance on Tuesday held an online ceremony to announce the “Best Global Bank Awards 2021” winners. CTBC Bank Co (中國信託銀行) was named the “Best Bank in Taiwan” for its excellent business performance in revenue, profit and asset scale, despite the global COVID-19 pandemic.

  Global Finance also credited CTBC for its digital innovation and team efforts in assisting customers with applying for government relief loans during the pandemic.

  The awards’ organizer said that CTBC has continuously made inroads into overseas markets despite intense market competition. This year, the bank increased its stake in LH Financial Group PCL to 46.6 percent, making it the largest shareholder of the Thai group and further expanding its cross-border financial services.

  

  CTBC Bank Co’s headquarters in Taipei’s Nangang District is pictured in an undated photograph.

  Photo courtesy of CTBC Bank Co

  In the Asia-Pacific region, CTBC also continues to retain its leadership in merger and acquisition financing and in renewable energy project financing, the organizer said. It has been repeatedly commissioned by top enterprises and international private equity funds to act as a lead bank in coordinating deals.

  CTBC said that due to the rise of digital banking and the effect of COVID-19, the number of visitors to its branches has fallen by 12 percent in the past two years, while the number of mobile banking customers has increased 47 percent over the period.

  This indicates that customers are willing to use digital financial services, CTBC said.

  Corporate customers have also shifted their transactions from physical to digital channels, with the number of transactions via mobile apps growing 144 percent last year.

  During the pandemic, CTBC has actively built contactless services and introduced digital banking services into relief loans for workers. This year, about 99 percent of workers’ relief loans were applied for online, and 97 percent of their applications were completed through the bank’s fully automated intelligent processing system, CTBC said.

  In addition, CTBC has processed more than 360,000 relief loan applications for the second consecutive year, topping other private banks, it said.

  CTBC has also taken the lead in adopting Apple Inc’s Business Chat financial service, which is integrated directly into Apple’s Messages app, in a bid to develop a unique financial ecosystem and better serve its customers.

  The app turns customers’ iPhones into a ticket machine and a working desk, while helping customers pay fees, the bank said. The service plans to add features to help customers find nearby merchants participating in CTBC’s reward scheme, and further drive development of local businesses, it said.

  During the pandemic, CTBC won the “Most Helpful Banks in Asia Pacific During COVID-19” and “Most Helpful Transaction Bank during COVID-19 in Taiwan” awards from The Asian Banker magazine.

  This year, the bank has been awarded “Best Bank in Taiwan” titles by three globally renowned magazines: Global Finance, Asiamoney and FinanceAsia.
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