CTBC Bank (中國信託銀行) ranked first among its Taiwanese peers for a sixth straight year in the Top 1,000 World Banks list published by The Banker magazine on July 4, jumping two places to the 158th spot in the overall ranking.
The recognition followed last month’s announcement that the bank would be awarded Euromoney magazine’s Awards for Excellence.
CTBC has been named Best Bank in Taiwan 13 times since the award was launched in 1997, outranking all other Taiwanese banks and setting a new record in the nation’s financial sector.
Photo courtesy of CTBC Bank
With its solid business performance and sustained control of asset quality and capital adequacy, CTBC Bank ranked for the sixth time in UK-based The Banker’s top 1,000 list, taking the top position among Taiwan’s banks with US$11.59 billion in tier 1 capital, which is US$658 million more than last year.
Euromoney ranked CTBC Bank as the Best Bank in Taiwan, principally in recognition of its clear strategic blueprint, which focuses on the three main axes of digital transformation, sustainable finance and overseas expansion.
By leading the financial sector in developing a range of business innovations and sustainable reforms, the bank has maintained steady growth even while facing the challenges of financial market turbulence and the COVID-19 pandemic.
CTBC Bank has over the past few years been investing in digital technology and transforming its core systems, partnering with industry leaders in various sectors to develop innovations and synergistically create a range of new business models.
In view of the risks posed by global climate change, CTBC Bank has assumed a key role in working toward net-zero carbon emissions by voluntarily adhering to the UN’s Principles for Responsible Banking and formulating a climate risk management policy.
The bank has set a clear internal business strategy for sustainable development, channeled capital toward green industries and exerted positive financial influence through financing and investment tools to drive corporate transformation and work with customers to promote a low-carbon economy, as well as create a responsible financial ecosystem.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI
RSS