Best bank for HNW in Taiwan 2021
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AwardsAsia Private Banking Awards

Best bank for HNW in Taiwan 2021

CTBC Bank

Amy Yang, CTBC Bank.jpg
Amy Yang, CTBC Bank

CTBC Bank is a front-runner in Taiwan’s banking sector, with an extensive branch network and international reach. Its private bank is no exception and, despite the disruption of the Covid-19 pandemic, it had a stellar 2020.

Assets under management at the bank’s wealth division rose 31% year on year, while the number of clients increased 36.6% and total private banking revenue jumped 73.3%, bringing in NT$4.5 billion ($161 million) in net new money last year.

CTBC recently added several new products to its repertoire. In late December, Taiwan’s Financial Supervisory Commission awarded the bank a licence to provide new types of wealth management programmes to high asset customers – defined as those investing more than NT$100 million.

The programmes allow it to offer eight new financial products or services, including foreign currency-denominated structured notes, as well as derivatives linked to the domestic benchmark index or other indices in the local stock market.

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