TBB eyes growth despite COVID-19 outbreakBy Crystal Hsu / Staff reporterAn increase in domestic COVID-19 infections has had little impact on Taiwan Business Bank’s (TBB, 台灣企銀) operations, it said yesterday, adding that it expects stable growth in mortgage lending this year, despite credit controls aimed at cooling the real-estate market. The bank yesterday said it expects stable growth in mortgage lending this year, despite credit controls aimed at cooling the real-estate market. Although uncertainty linked to the virus crisis lingers, business and investment sentiment is picking up, TBB spokesman Chang Yo-ming (張佑銘) said. Meanwhile, bad loans grew by NT$100 million to NT$624 million due to COVID-19 relief loans, as all banks responded to the government’s call to support troubled companies, TBB said. TBB is to step up provisions for related financing as the government yesterday expanded the relief and subsidy program.

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