Milestone for Taiwanese-based bank; solidifies CTBC Bank USA’s strength among largest U.S. banks
LOS ANGELES–(BUSINESS WIRE)–#CTBCBank—CTBC Bank USA, a trusted and established financial institution for commercial and retail customers, is proud to announce that its parent company CTBC Bank Co. is now ranked among the top 150 banks globally by The Banker, a publication owned and edited by The Financial Times. CTBC Bank Co.’s ascent marks the first time a Taiwanese-based bank has broken into the top 150 institutions on this list.
CTBC Bank Co. has topped the list of Taiwanese banks for three consecutive years, moving from a ranking of 151 last year to 148 on the 2019 list. The Banker’s “Top 1,000 World Banks” ranking sets the industry benchmark, providing comprehensive intelligence about the banking sector globally.
“CTBC Bank USA’s global resources and reach, combined with our parent bank’s strong foundation, further empowers us as a competitive force in U.S. banking, particularly with customers with large interests across Asia-Pacific and global,” said Noor Menai, President and CEO of CTBC Bank USA. “Over several decades, CTBC Bank Co.’s global footprint and deep roots in Asia have enabled our US presence to grow into a robust, yet nimble business that can provide the innovative solutions our clients are looking for in a commercial and retail bank.”
This year, CTBC Bank Co.’s tier-1 capital reached US$9.752 billion, marking an increase of more than US$159 million from last year. It has branches and offices offering first-class banking services in 14 countries, including 11 in Asia. The bank’s business performance and risk tolerance metrics are complemented by a commitment to corporate social responsibility. CTBC Bank Co. is a constituent of the MSCI ESG Leaders Indexes, FTSE4Good Emerging Index and the Dow Jones Sustainability Indices.
The Banker began its tally of the world’s top 1,000 banks in 1970, gauging the scale and performance of different banks selected based on the size of tier-1 capital. This year’s rankings took into account more than 2,000 types of financial data to provide a comprehensive outlook on banks around the world.
About CTBC Bank Corp. (USA)
CTBC Bank USA is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by more than $140 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit ctbcbankusa.com.
Contacts
Sean Liao, CTBC Bank USA (for Chinese media)
E: [email protected]
T: (424) 277-4531
Dan Margolis, for CTBC Bank USA
E: [email protected]
T: +1 (213) 452-6472
