CTBC Bank named ‘Best Bank in Taiwan’ by the Euromoney

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Daniel Wu, CEO of CTBC Financial Holding, was invited to attend the 50th anniversary of Euromoney in London on July 10, to meet and exchange ideas with global financial and industrial leaders. (Courtesy of CTBC Bank)
Daniel Wu, right, CEO of CTBC Financial Holding, was invited to attend the 50th anniversary of Euromoney in London on July 10, to meet and exchange ideas with global financial and industrial leaders. (Courtesy of CTBC Bank)

TAIPEI (The China Post) – Well-known international financial magazine Euromoney (European Monetary) announced last week the winners of “Awards for Excellence 2019,” naming CTBC Bank the “Best Bank in Taiwan” for its excellent international strategy and innovative service content.

Daniel Wu, CEO of CTBC Financial Holding, was invited to attend the 50th anniversary of Euromoney in London on July 10, to meet and exchange ideas with global financial and industrial leaders.

As the sole representative for Taiwan’s financial industry, CTBC has manifested its outstanding business performance and brand recognition in the global arena.

Founded in 1969 in London, Euromoney has long been engaged in the development of global financial markets and trends of financial technologies, playing an important part in the course, with a large readership of heavy-weight corporate leaders.

As the sole representative for Taiwan’s financial industry, CTBC has manifested its outstanding business performance and brand recognition in the global arena, according to Euromoney (European Monetary). (Courtesy of CTBC Bank)

Marking the 50th anniversary this year, Euromoney hosted a gala dinner in London on the 10th of this month, inviting business leaders including DBS Group CEO Piyush Gupta, Credit Suisse CEO Tidjane Thiam, and CTBC Financial Holding CEO Daniel Wu, among other global financial leaders.

Euromoney selects financial institutions with outstanding performance based on the overall profitability, operations, innovation and competitiveness of the previous year.

In his interview with Euromoney, Daniel Wu said that CTBC acquired the Japanese Tokyo Star Bank in 2014, and invested in the Thai LHFG Financial Group in 2017, and along with CTBC existing overseas branches, making a total of more than 260 global business locations in 14 countries, from which the overseas revenues accounted for 38 percent of the overall banking profits, and the strategy of global expansion was recognized by Euromoney.

According to the award organizer, CTBC, which has experienced steady growth through a complete business development model, coupled with digital innovation services and international deployment, has continuously made records of performances over the years.

Despite the intense competition of Taiwan’s financial markets, CTBC ranked the most internationalized and most competitive financial institution in Taiwan, entitled the award of “Best Bank in Taiwan”.

This year, CTBC has won 96 awards from home and abroad, including the “Best Retail Bank in the Asia Pacific”, “Best Digital Social Media Initiative, Application or Program”, and “Best Frictionless Customer Experience” from the Asian Banker magazine as well as “Best Bank in Taiwan” from FinanceAsia magazine, among other major awards.

In addition, CTBC has also been awarded the “Asia’s Most Innovative Bank” and “Asia’s Most Open Bank” by International Data Corporation (IDC), a world-renowned institution for its information technology, telecommunications and consumer technology, in its annual event of Financial Insights Innovation Awards.

In the future, CTBC will continue to uphold the branding spirit of “We are family”, and provide customers with complete and comprehensive financial innovation services, in the consistent path toward the goal of “Best in Taiwan, Leader in Asia”, to become Taiwan’s most trusted financial services organization. ●