Taiwan Cooperative Financial pursues stable profit growthBy Crystal Hsu / Staff reporterState-run Taiwan Cooperative Financial Holding Co (合庫金控) is pursuing stable profit growth this year on the back of economic improvement at home and abroad, although the operating environment remains challenging, the company said yesterday. Vehicles drive past a Taiwan Cooperative Bank branch on Guan Chien Road in Taipei on Feb. 12, 2019. Taiwan Cooperative Financial Holding Co yesterday said it is pursuing stable profit growth this year on the back of economic improvement at home and abroad, although the operating environment remains challenging. It said that its main subsidiary, Taiwan Cooperative Bank (合庫銀行), which generated 85.15 percent of overall earnings last year, would boost reverse mortgage operations and lending to urban renewal projects. Taiwan Cooperative Bank would seek to expand its business overseas, especially in Southeast Asia and the US, it said.

Source: Taipei Times March 16, 2021 15:56 UTC