CTBC Bank (中國信託銀行) last month received Euromoney magazine’s Best Bank in Taiwan award — the 14th consecutive time the bank has received this distinction and the fourth time this year it was named the nation’s top bank.
CTBC Bank was also the only institution among its Taiwanese peers to be recognized by the Euromoney Awards for Excellence this year, mainly for its outstanding performance, innovative operations and digital financial services.
The Awards for Excellence is an authoritative listing of financial institutions with a history of 32 years. It rates banks on the basis of overall profitability, operations, innovation and competitiveness over the past year.
Photo courtesy of CTBC Bank
This year, CTBC Bank won recognition mainly for the international reach and competitive advantages of its services, its number of high-net-worth clients, its syndicated loans for solar and offshore wind energy sectors, for launching the first sustainability-linked bonds in Taiwan and its other services related to the UN’s Sustainable Development Goals.
CTBC Bank has made significant advances in reducing its corporate carbon footprint while maintaining its corporate leadership, including the ATM X LINE Personalized Service utilized by 3.3 million clients, which reduced 200 tonnes of carbon emissions and saved paperwork equivalent to the height of 13 Taipei 101 skyscrapers a year.
At the same time, the bank launched integrated electronic stock trading services featuring notifications for stock values, shareholder’s meetings and perks that significantly improved security, communication efficiency and sustainability.
Being a global leader in revenues, profit and asset size, CTBC Bank has been recognized as the best bank in Taiwan by the Global Finance, AsiaMoney, FinanceAsia and Euromoney magazines.
Qualifying as tier-1 capital with more than US$11.26 billion in assets, the bank was also ranked one of the world’s top 1,000 banks by The Banker. It was the only Taiwanese financial institution to receive the honor.
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