Taiwan's Panin Bank announced yesterday it is considering further acquisitions, in a bid to expand and compete with its counterparts in the Asian market. This follows our report that it is considering buying a 39% stake in Indonesia's Fubon Financial from ANZ. Taiwan is presently saturated by a huge number of financial institutions, which has led to its authorities pushing its financial firms to go beyond the crowded local market and seek regional mergers and acquisitions.
Taiwan's Fubon Financial announced yesterday it is considering further acquisitions, in a bid to expand and compete with its counterparts in the Asian market. This follows our report that it is considering buying a 39% stake in Indonesia's Panin Bank from ANZ. Taiwan is presently saturated by a huge number of financial institutions, which has led to its authorities pushing its financial firms to go beyond the crowded local market and seek regional mergers and acquisitions.