Taiwanese Banks See Record Profits in 'New Southbound' Markets, Reveal Key Strategies

Taipei, April 25 (CNA) According to FSC statistics, the 2025 profits of domestic banks in 'New Southbound' countries reached NT$25.67 billion, a historical high. Total overseas profits reached NT$91.8 billion, up 5.3% year-on-year. Taipei Fubon Bank noted strong momentum in India, Australia, and Singapore, and is pursuing branch upgrades in Sydney and a new branch in India's GIFT City. Cathay United Bank emphasized their 'follow the customer' and 'local immersion' strategy, focusing on supply chain shifts and rising middle-class demand in Vietnam. CTBC Bank, with over 120 regional locations, identified Vietnam, Thailand, Indonesia, and India as hot spots for Taiwanese investment and plans to further strengthen its presence with new offices in Vietnam and its recently opened GIFT City branch in India.