Chinatrust

Awards 2005

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Intense competition in Taiwan's banking sector resulted in a sharp rise in unsecured lending over the past few years. Since 2001, unsecured medium- and long-term loans have risen by about 37% to over NT$4 trillion ($121 billion) in July 2005, compared to a 20% increase in the corresponding secured lending to NT$6.6 trillion, according to figures from Taiwan's central bank.

While Taiwan's banks have not had major problems with defaults by customers – the overall non-performing loan ratio of do