TAIWAN'S CTBC HOLDING CELEBRATES RECORD-BREAKING PERFORMANCE IN 2022

KUALA LUMPUR, Jan 4 (Bernama) -- Taiwan financial firm, CTBC Financial Holding Co Ltd (CTBC) won a record 290 major accolades in 2022, including seven Taiwan Banking and Finance Best Practice Awards.

Its president James Chen was also the first Taiwanese business leader to be named Asia-Pacific Chief Executive Officer (CEO) of the Year by the International Data Corp, a leading global analytical company specialising in information technology market research.

In a statement today, Chen said that the firm has been ahead of the curve in adopting new initiatives and offering a comprehensive suite of financial services through integrating resources from its subsidiaries to serve the needs of customers.

“Of the 290 awards won by CTBC, 41 were prestigious international and regional awards, while (our subsidiary) CTBC Bank showed outstanding performance by taking home over 180 awards.

“The bank also won the awards for Renewable Energy M&A (mergers and acquisitions) Deal of the Year, Global as well as Global Finance’s Sustainable Finance Awards,” the company said.

CTBC’s commitment to innovation in digital finance has continued via the implementation of "Phygital Banking" at 152 branches across Taiwan in response to the demand for digital financial services in the post-pandemic era.

Meanwhile, Moody’s Investors Service has affirmed the credit ratings of CTBC Financial and CTBC Bank at A3 and A1, respectively, thus maintaining CTBC’s place as a top brand in terms of business quality and professional competence.

“The operating performance of CTBC Bank remained stable throughout 2022, and it was the only bank that met the capital surcharge requirement for Taiwan’s domestic systemically important banks before 2025, occupying the leading position in Taiwan’s banking industry.

“As a member of the Alliance of Sustainable Finance Pioneers, CTBC Holding is committed to achieving the Sustainable Development Goals set forth by the United Nations and promoting sustainable development in Taiwan,” it added.

-- BERNAMA