New mortgages rise nearly NT$20bn
DEFYING CURBS: The increase was in line with data from the six special municipalities, where combined transactions rose 45.4 percent month-on-month, the central bank said
By Chen Cheng-hui / Staff reporter
Despite new selective credit controls imposed by the central bank on local lenders, new mortgages granted by Taiwan’s five major state-run banks last month increased by NT$19.17 billion (US$681.9 million) from February to NT$56.88 billion, central bank data released on Thursday showed.
The average interest rate on new housing loans decreased 0.01 percentage points to 1.357 percent, the data showed.
New mortgages granted by Bank of Taiwan (臺灣銀行), Land Bank of Taiwan (土地銀行), Taiwan Cooperative Bank (合作金庫銀行), Hua Nan Commercial Bank (華南銀行) and First Commercial Bank (第一銀行) increased 50.81 percent month-on-month and 5.95 percent year-on-year, it showed.
FSC investigating Next Bank purchase
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission (FSC) is conducting a financial examination of Next Bank (將來銀行), a Web-only bank that has not yet begun operations, to see if it acquired an overpriced information technology (IT) system from its largest shareholder, Chunghwa Telecom Co (中華電信), the commission said yesterday.
The commission last week received reports about the deal from a few whistle-blowers, as well as Chinese Nationalist Party (KMT) Legislator Alex Fai (費鴻泰).
It is rare for the commission to inspect banks that have not yet begun operations.
Financial Supervisory Commission Chairman Thomas Huang speaks at a meeting of the legislature’s Finance Committee in Taipei yesterday.
VietinBank Securities bags $90 million syndicated loans from international banks 12:07 | 16/04/2021
International lenders signing the credit facility to support VietinBank Securities
VietinBank securities has received additional funding support with the recent signing of $60 million of syndicated loans, following a $30 million facility just a month ago.
On April 15, a consortium of major international lenders operating in Vietnam â Woori Bank Vietnam (Bac Ninh Branch), Taipei Fubon Commercial Bank Vietnam, and Cathay United Bank Vietnam â has inked an agreement to facilitate $60 million for the additional financial needs of VietinBank Securities.
In particular, Woori Bank Vietnam (Bac Ninh Branch) specifically provided $50 million, while Taipei Fubon and Cathay United provided $10 million altogether.
VietinBank Securities secures $30 million syndicated loan from four Taiwanese banks vir.com.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vir.com.vn Daily Mail and Mail on Sunday newspapers.
Hua Nan Financial cautiously upbeat
UNCERTAINTY: The financial holding firm is targeting 5% earnings growth this year as the global economy recovers, but added that the pandemic remains a risk
By Crystal Hsu / Staff reporter
State-run Hua Nan Financial Holding Co (華南金控) aims to grow its earnings this year at a pace in line with the nation’s GDP growth, although the COVID-19 pandemic and low interest rates would continue to weigh on its performance, senior officials told a virtual investors’ conference yesterday.
That suggests an improvement of about 5 percent after missing its pre-tax profit target last year by 4 percent mainly due to losses at its securities arm, Hua Nan Securities Co (華南永昌證券) senior vice president and general manager Jully Chu (朱婉麗) said.