Taiwan’s resilient economy and swift government action against the first wave of Covid-19 in 2020 has helped the country’s banks to a strong performance in the Top 1000 banks ranking.
Taiwan’s gross domestic product increased by 2.98% in 2020, thanks to government steps to avoid a full lockdown, and a boom for its technology companies and manufacturers. However, since mid-May, the country has been experiencing a second Covid wave, which could have an impact on the numbers recorded for 2021.