Taiwan

Taiwanese banks are expanding their in the mainland with two opening branches in the last two weeks and another one on the way.

China should facilitate the entry of more foreign banks into its restricted banking sector.

One of one of the largest commercial banks in Taiwan continues its expansion in Southeast Asia.

Cathay Financial Holdings intends to invest up to US$1.3 billion to acquire mainland Chinese banks or build partnerships in China.

Talks between Taiwan and China later this month are expected to see more Taiwan banks open branches on the mainland.

Delayed accounting of deposits allowed Taiwan's banks to cheat customers of over NT$13 million or US$434,000 in annual interests.

Shares of Ta Chong Bank plunged after potential buyers of the bank had walked away from a possible acquisition.

VietinBank will conclude a 20% stake sale to a foreign strategic partner in in the fourth quarter.

Cathay Financial reported a first-quarter net profit of NT$1.97 billion or US$67 million, and earnings per share of NT$0.19.

Taiwanese banks’ net interest margins are unlikely to improve in the next 2 years, says Standard & Poor's.

It’s another advance for cross-strait banking.

Two of China’s top five banks are to establish branches on Taiwan, becoming the first Mainland lenders to bank on the island.

But the question is, who will be the first to do so?

Cathay Financial has bought a 3.45 percent stake in Taishin Financial for T$4.7 billion or $155 million from private equity fund Newbridge Capital.

Banking ties with China may boost Taiwan's banks this year amid an overcrowded home market and a global economic environment that could reduce their profits.

The Taiwanese lender is keen on the move after signing cooperation pacts with Mainland banks.