Taiwan

Taiwan is a relatively bright spot for women in banking, largely thanks to the efforts, and sacrifices, made by bankers to break the glass ceiling.

In a novel twist to digital banking, Taiwan’s FEIB is leveraging the wide reach of social media networks to turn clients into bankers and branch managers.

A sudden spike in Covid-19 cases is set to dent growth in Taiwan – and test banks’ ability to do business virtually.

Bank SinoPac has various initiatives that make it Taiwan’s best bank for CSR, but one that stands out – and which sets it apart from its peers – is its migrant worker lending programme.

E.SUN Bank’s focus on small and medium-sized enterprises is astute given these companies form the backbone of Taiwan’s economy. SMEs account for more than 98% of registered companies and the majority are still family-owned businesses.

People no longer need to go to banks in person; financial services are now available at their fingertips. This is the message most firms in Taiwan are trying to monetise. Many have been rolling out internet banking or developments for mobile apps. But Far Eastern International Bank is one of a few institutions to try something novel, thus making it Asiamoney’s best digital bank in Taiwan.

DBS Bank Taiwan has more than proved itself worthy of the best international bank title this year, excelling in corporate and investment banking, and making innovative strides in digital services, all while pushing further into the wealth management market.

CTBC Bank, Taiwan’s largest private sector bank, won this year’s awards for best domestic bank and for best corporate and investment bank, because of its resilience and innovation in the face of the coronavirus pandemic, as well as for its global ambitions.