Taiwan

Chinatrust has maintained its leadership in the Taiwan financial industry over the past year, helped by its acquisition of Grand Commercial Bank. This merger enhanced Chinatrust’s distribution capabilities with the expanded branch footprint. Swift integration also serves as a demonstration of the bank’s execution capabilities, providing Chinatrust with the basis for future mergers and acquisitions. New products and services have been introduced to capture new opportunities. They have helped Chinatrust to capture the top position in many league tables, including that of syndicated loans and corporate bonds. Through the formation of alliances and partnerships with local and overseas partners, Chinatrust is able to extend and improve its service offerings to its customers. The bank has established a hot-site data backup and recovery centre to ensure bank-wide business continuity even in adverse situations or emergencies. The new credit risk management architecture, designed in accordance with Basel II standards, is undergoing pilot testing. “In the future, we will continue to devote ourselves to expanding our business activities,” says chairman Jeffrey JL Koo, Jnr. “Through our enlarged cross-sell platform and product line, we will provide our customers with sound financial advice and best-breed products to create for ourselves a world-class name that all Chinese people can be proud of.”