Taiwan will be among the world’s biggest hirers in early 2018, and its finance industry will lead the way. That is the message from recruitment firm ManpowerGroup based on its recent survey of employers in 43 countries around the world.
The survey found more than 30% of Taiwanese finance firms expect their recruitment to pick up in the first quarter of the year; the growing adoption of fintech is named as one factor boosting workforce demand.
The island’s banks will be key players in this hiring drive, making this an opportune time to inspect the leading names, all of which are homegrown.
Privately-owned CTBC is the biggest by capital, holding $8.2bn Tier 1, closely trailed by Mega International Commercial Bank with $7.7bn. In capital terms, state-owned Bank of Taiwan sits in third place, but by assets it is some 30% bigger than any other bank operating on the island.
By capital the privately-owned Taiwan Cooperative Bank and First Commercial Bank are a close fourth and fifth, holding $5.5bn and $5.4bn respectively.
All data sourced from www.thebankerdatabase.com
