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. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Taiwan

BEST BANK
Chinatrust Commercial Bank

BEST EQUITY HOUSE
Goldman Sachs

BEST DEBT HOUSE
Chinatrust Financial Holding

As Taiwan's overbanked market starts to undergo much-needed consolidation, the Taiwanese government is aiming to develop a few regional banking champions. Top of the list of candidates will be Chinatrust Commercial Bank, Taiwan's ninth-largest bank by assets but probably its best managed, and the winner again of the best bank in Taiwan award.

Chinatrust is a full-service retail and corporate banking business with a leading position in retail finance, especially credit cards, as well as debt financing. The bank reported net income for the financial year ended 2004 of $214 million from total assets of $34.8 billion, a sign of just how competitive the market is. Its return on average assets was just 0.69%, but this was well above the Taiwan average and the bank reported return on equity of 10.13%.

As the bank points out, however, the final quarter of 2004 was depressed by one-off provisions against a recent consumer finance acquisition and the first quarter's results in 2005 showed that normal service had resumed, with a return on assets of 1.49% and a return on average equity of 24%.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

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