Taiwan

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.

The 31st annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Voters represented fund management houses, hedge fund & private equity firms, insurance companies and wealth management houses in Asia, Europe and North America.

Yuanta Securities

Taiwan’s 23 million citizens are served by nearly 40 banks, ensuring a hard fight for clients in both retail and corporate banking. But CTBC has managed to pull ahead of the crowd in both fields.

Taiwan’s 23 million citizens are served by nearly 40 banks, ensuring a hard fight for clients in both retail and corporate banking. But CTBC has managed to pull ahead of the crowd in both fields.

Citi stands apart from other foreign banks operating in Taiwan. It combines a leading retail bank with a world-class corporate and investment banking franchise. It has also built deep relationships with its clients in the region.

Although banks in Taiwan moved later than international rivals when it came to betting on digital, this is now a core part of many banks’ business plans. Taishin Bank, however, stands out for its fully digital bank, called Richart.

Taiwan’s economy is built on small and medium-sized enterprises. More than 95% of the companies registered there are defined as SMEs. They can vary considerably in size and income, but the vast majority are family-owned. They are also E.Sun Bank’s primary focus under chief executive Joseph Huang.