Taiwan banks explore promise, peril of Southeast Asia

Credit: Flickr/epSos.de

Taiwan banks led by CTBC Financial and Fubon Financial are looking to step out of their comfort zone into newer markets in Southeast Asia, as the domestic economy slows and growth peaks for the $1.2 trillion-asset banking sector.

The expansion began in 2013 and is likely to accelerate over the next few years thanks to the new Taiwanese government’s backing for companies to diversify away from China and venture into countries like the fast-growing Philippines.

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