Taiwan's increasingly dangerous credit-card problem

By Lara Wozniak | 28 March 2006
Keywords: chinatrust | taishin | banking | group | eastern | international | bank
Subscriber Content Preview.
Subscribe now for full access or call us now on +852 2122 5222.

Concerns over aggressive growth in unsecured consumer loans prompt Fitch to lower its outlook for Taiwan's Chinatrust, Taishin banking groups and Far Eastern International Bank.

In a rather strongly worded statement on Monday (March 27), Fitch Ratings revised the rating outlooks for Taiwan's Chinatrust and Taishin banking groups, as well as that of Far Eastern International Bank, to negative from stable.

"The outlook revision reflects Fitch's general concerns over Taiwan's banking system brought about by the banks' aggressive growth in unsecured consumer loans and the subsequent deterioration in the quality of such loans as compounded by the authorities' inept handling of the unfolding debacle," says Jonathan Lee, senior director in Fitch's financial ...
To continue reading this article, subscribe now or call us now on +852 2122 5222.
You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.
 
 
 
Polls
In which market is it hardest to hire finance professionals?


   |   View results
Hong Kong
  15%
 
Shanghai
  64%
 
Singapore
  21%
TOTAL VOTES: 89

 
Magazine
FinanceAsia Magazine
FinanceAsia
March 2010