Date
26 September 2017

TCB branch records first cross-strait bad loan, paper says

The mainland branch of Taiwan Cooperative Bank (TCB) has recorded the first non-performing loan for a Taiwanese lender since gaining access to the mainland market three years ago, the United Daily News reported Wednesday, citing the Financial Supervisory Commission. The TCB loan amounted to NT$28 million (US$925,000), about 0.41 percent of the branch’s NT$6.766 billion in outstanding loans. According to the commission, the total owed to the island’s 39 banks rose by NT$352.1 billion in January to NT$24.01 trillion. But the banks’ non-performing loan total fell by NT$2.5 billion as of end-January, shrinking the non-performing loan ratio to 0.36 percent, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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