Taiwan

Best bank
Chinatrust Commercial Bank best equities house
Goldman Sachs

Best debt house
Deutsche Bank

Best M&A house
Morgan Stanley

Total assets following the acquisition are NT$1.2 trillion, ($29 billion). Pre-tax profit for fiscal 2003 jumped 15.7% to NT$18.2 billion.

The merger with GCB has improved all areas of Chinatrust’s business, including trade finance, cash management and treasury. But it is on the retail banking side that GCB has added most. Chinatrust now has more than 6 million card customers and is the leading internet bank in Taiwan.