Taiwanese banks get ambitious on the mainland
(16 July 2012 – Taiwan) The Bank of Taiwan officially opened its Shanghai branch on Tuesday, following Mega International Commercial Bank's Suzhou branch opening on 21 June, as Taiwanese banks expand their mainland operations.
Sources said E Sun Commercial Bank has also obtained approval from the China Banking Regulatory Commission and will likely open a branch next month in Dongguan, Guangdong province.
Previously, Chinatrust Commercial Bank established its first mainland branch in late March. To date, 10 Taiwanese banks have acquired this status, and most of these are now actively engaged in China syndicated loans.
Taiwan Cooperative Bank, Taiwan's second-biggest bank by assets in 2011, was among the top five mandated arrangers for non-Rmb China loans in the first half of 2012.
The bank joined as mandated lead arranger and bookrunner on CDB Leasing's US$300m three-year loan signed in June, which saw six other Taiwanese banks among the 12-bank lender group.
Currently, Industrial Bank of Taiwan, Taiwan Business Bank and Taipei Fubon Commercial Bank have all set up representative offices in the mainland, waiting to be upgraded to branches after a year of operation.
According to Thomson Reuters LPC data, Taiwanese banks took up a more than 35 percent lender share of Asia US$ loans, by deal count, in the second quarter of 2012.
Previously, Chinatrust Commercial Bank established its first mainland branch in late March. To date, 10 Taiwanese banks have acquired this status, and most of these are now actively engaged in China syndicated loans.
Taiwan Cooperative Bank, Taiwan's second-biggest bank by assets in 2011, was among the top five mandated arrangers for non-Rmb China loans in the first half of 2012.
The bank joined as mandated lead arranger and bookrunner on CDB Leasing's US$300m three-year loan signed in June, which saw six other Taiwanese banks among the 12-bank lender group.
Currently, Industrial Bank of Taiwan, Taiwan Business Bank and Taipei Fubon Commercial Bank have all set up representative offices in the mainland, waiting to be upgraded to branches after a year of operation.
According to Thomson Reuters LPC data, Taiwanese banks took up a more than 35 percent lender share of Asia US$ loans, by deal count, in the second quarter of 2012.
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