Reported 9 months ago
The Financial Supervisory Commission recently held the 57th meeting and commendation ceremony for the general managers of domestic banks, where Land Bank received the 'Six Core Strategic Industry Outstanding Loan Award' for the second consecutive year. The bank was recognized for its outstanding loan performance in six core strategic industries, including information and digital industry, advanced cybersecurity industry, precision health industry in Taiwan, defense and strategic industries, green energy and renewable energy industry, and civilian and war readiness industry. This achievement was attributed to Land Bank's efforts to balance credit distribution, expand corporate lending capacity, and integrate ESG factors into investment and financing processes, positioning itself as a sustainable financial institution. The bank achieved a record-high pre-tax profit of NT$17.043 billion in 112th year, while maintaining good asset quality with a NPL ratio of 0.11% and a coverage ratio of 1,674.96%, both better than the industry average. Additionally, Land Bank played a significant role in policy loans for Taiwan's emerging low-carbon industries and small and medium enterprises, earning recognition from the Ministry of Economic Affairs for its outstanding performance in post-pandemic recovery financing services. The bank also demonstrated its commitment to sustainability by adhering to the Equator Principles, supporting TCFD-related financial disclosures, and verifying greenhouse gas emissions at domestic and overseas operations, earning ISO 14064-1 certification. Land Bank's dedication to customer service, support for the sports industry, and consistent ranking in the top 25% of banks for fair customer service principles and receiving the 'Sports Promoter Award' from the Ministry of Education for 15 consecutive years further highlight its contributions to the financial sector and society.
Source: YAHOO