Taiwan-based Taishin International Bank has opened a new branch in Singapore in a bid to expand its presence in the region.

Taishin Bank president Chung Lung-yu told Focus Taiwan News that the new branch will mainly focus on corporate banking and wealth management for Singapore clients.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Lung-yu added that the branch will look at opportunities in Singapore including syndication loans that are aimed not only at Taiwanese investors in the city but also other enterprises from the region and multinational companies.

Additionally, the bank is planning to seek regulatory approval to upgrade its representative office in Ho Chi Minh City into a branch in 2015.

Furthermore, the bank is also planning to branch in Brisbane, Australia next year.

In order to expand its Japanese presence, the bank intends to submit an application in July for the Tokyo branch.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In China, Taishin has teamed up with Shenzhen-based Ping An Bank Co to offer a range of business solutions including syndication loans, investment banking, and foreign exchange products. It is also seeking to sign agreements with Chinese counterparts to expand its presence in the region.