The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Taiwan’s struggling banks look to China

Taiwan’s banks are among Asia’s most unprofitable. They have for years searched for ways to grow. Improved relations with China offer the promise of entry into a hugely profitable new market, but it won’t be easy. Lawrence White reports.

VICTOR KUNG IS just warming up on the subject of the problems facing Taiwan’s banking sector in a meeting room in his firm’s Taipei headquarters when, without warning, the lights go out. As the power cut momentarily plunges the entire building into gloom, Kung says that Euromoney will at least have had a memorable visit to his offices and his colleague jokes that the walk down to the ground floor after the meeting will provide valuable exercise.


Puffing down the staircase afterwards, Euromoney reflects on the apt timing of the blackout, punctuating as it did an assessment of Taiwan’s financial sector that was characteristically gloomy. Kung has more reasons to be optimistic than his peers: Fubon Financial, of which he is president, is generally regarded as the most successful of Taiwan’s financial conglomerates.


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree