Chang Hwa Bank looks to recover profit momentumBy Crystal Hsu / Staff reporterBacked by an improving global operating environment, state-run Chang Hwa Commercial Bank (彰化銀行) yesterday said that it expects its growth momentum to recover this year, after net income tumbled by double-percentage points last year and remained weak in the first two months of this year. Chang Hwa Commercial Bank’s headquarters in Taipei’s Zhongshan District is pictured in an undated photograph. Chou, who served in different positions in another state-run lender, First Commercial Bank (第一銀行), aims to strengthen Chang Hwa Bank’s overseas operations and risk controls. Chang Hwa Bank is seeking to expand its loanbook by 5 to 6 percent this year, led by loans to small and medium-sized enterprises, and mortgage for people with real demand, the bank said. Chang Hwa Bank would be engaged in loans to first-time home buyers, as the central bank’s two recent waves of credit controls are directed at multiple home owners and property investors, it said.

Source: Taipei Times March 31, 2021 15:56 UTC