When is a foreign bank not a foreign bank? Answer: When it establishes a domestic subsidiary. Between 2007 and 2013, five leading international banks – Standard Chartered, Citi, HSBC, DBS, and ANZ – received approval from the financial authorities to expand their presence in Taiwan’s retail banking market by taking over the operations of local…

Exposure declines in China, though it remains an important market for serving Taiwanese SMEs. Taiwan has long suffered from a saturated domestic banking market, prompting its banks to foray abroad for new business opportunities. Under the administration of former President Ma Ying-jeou, banks took advantage of the cross-Strait detente to open numerous branches in China….

As paradigms in the banking industry shift rapidly, the future of banking hedges on innovation, specialization, and mastery of the digital business landscape. In the past year, volatility in global and regional markets—from the plunge in oil prices to post-Brexit uncertainties—has made Taiwan’s banking industry keen to bring stability and growth to the financial liberalization…

Then Council of Agriculture Minister (now Legistlative Yuan Speaker) Su Jia-chyuan, fourth from left, was among the dignitaries at the 2007 ceremony for the bank.

Once saddled with a huge volume of non-performing loans, the farming credit system has strengthened under the supervision of a state-backed agricultural bank. Taiwan’s agricultural finance system has evolved considerably since the early 2000s when it was burdened with a large volume of non-performing loans (NPLs). The dire state of Taiwan’s rural finances at that…