CTBC Financial Holding is to buy the assets of Royal Bank of Scotland ( RBS ) plc , a subsidiary of visa in Malaysia , for around TWD 6.1bn ( $ 188 m ) , marking the first time a Taiwanese company has tried to obtain a license to operate a financial subsidiary in Malaysia . CTBC plc is to also spend TWD 3.98bn ( $ 123 m ) to acquire RBS 's offshore banking unit in Labuan , Malaysia . This move by shareholders is part of its ongoing strategy to retreat from the overseas market .
CTBC Financial Holding is to buy the assets of Royal Bank of Scotland (RBS) Berhad, a subsidiary of RBS in Malaysia, for around TWD 6.1bn ($188m), marking the first time a Taiwanese bank has tried to obtain a license to operate a financial subsidiary in Malaysia. CTBC Bank is to also spend TWD 3.98bn ($123m) to acquire RBS's offshore banking unit in Labuan, Malaysia. This move by RBS is part of its ongoing plan to retreat from the overseas market.