Reported about 1 year ago
Taipei Fubon Bank has been approved to set up a Tokyo branch in Japan by the FSC, but their overseas expansion plans do not stop there. The bank is now eyeing India to establish a branch and intends to upgrade its office in Australia to a branch, with a goal to break-even within three years. Additionally, Taipei Fubon Bank is planning to establish an office in South Korea due to significant investments and collaborations with Hyundai Group. Amidst the relocation of the semiconductor supply chain and strong fundraising efforts by Indian enterprises, the bank is strategically positioning itself in these markets. Taipei Fubon Bank's profitability is on the rise this year, and they are preparing for potential challenges in the financial markets in the second half of the year.
Source: YAHOO