First Financial aims to boost loans to SMEs: chairwomanBy Crystal Hsu / Staff reporterState-run First Financial Holding Co (第一金控) plans to boost lending to small and medium-sized enterprises (SMEs) to support the government’s policy, newly installed chairwoman Chiou Ye-chin (邱月琴) said yesterday. First Financial Holding Co’s new chairwoman Chiou Ye-chin poses for photographs yesterday after a handover ceremony at the company’s headquarters in Taipei. Photo: Chen Mei-ying, Taipei TimesChiou, a former president at state-owned Bank of Taiwan (台灣銀行), said that under her leadership, First Financial would seek to emulate Mega Financial Holding Co (兆豐金控), the most profitable state-run financial conglomerate. First Financial would not rule out merger and acquisition opportunities to grow its assets after losing the competition for Prudential Life Insurance Co of Taiwan (保德信人壽) to Taishin Financial Holding Co (台新金控) in August, Chiou said. With a bachelor’s degree in economics from National Taiwan University, Chiou has served at different positions at Bank of Taiwan for the past 37 years.

Source: Taipei Times November 02, 2020 15:56 UTC