UK-based brand valuation consultancy Brand Finance, in cooperation with The Banker, recently published the “Banking 500 2022” survey, which for the eighth time ranked CTBC Bank (中國信託銀行) as Taiwan’s top bank brand, with a brand value of US$1.657 billion, while its overall global ranking rose to 141st.
CTBC Bank’s corporate brand ranking rose by 12 places compared with last year, its brand value grew by 22 percent and its overall brand rating was raised to AA+, making CTBC Bank Taiwan’s most valuable banking brand.
As the global financial industry continues to be affected by the COVID-19 pandemic, financial development trends and consumer habits have changed, leading banks to adjust their business operation models and focus on developing digital technology, Brand Finance said.
Photo courtesy of CTBC Bank Co
CTBC Bank has taken the lead in this process and continues to strengthen its digital technology services. By redesigning its customers’ journey through end-to-end digitization, it has provided customers with a new financial service experience.
CTBC Bank has transformed its past bank-based processes, connected cross-departmental cooperation and adopted automated processes with the aim to embed digital finance in customers’ everyday lives and provide them with a personalized intelligent financial experience.
CTBC Bank has in the past few years received more than 170 awards at home and abroad, and registered more than 335 patents.
It occupies the leading position in Taiwan’s banking industry in terms of brand awareness, smart technology and financial innovation.
Last year, it reported a net income of NT$29.796 billion (US$1.06 billion), rising 9 percent from the previous year, and it is the industry leader in terms of revenue, profit and asset scale.
To further deepen its overseas services and open up international business opportunities, CTBC Bank last year announced that it had increased its shareholding in Thailand’s LH Financial Group Public Co (LHFG) from 35.6 percent to 46.6 percent and secured more than half of the seats on its board of directors, thus bringing LHFG’s branches into its stable.
CTBC Bank’s global deployment now spans 14 countries and regions, with a total of 375 branches.
With its comprehensive international network and cross-
border financial platforms, the bank can provide quick and convenient financial services to Taiwanese and foreign-invested enterprises alike.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
RSS