BOT Tops Peers as Lead Bank in Taiwan's Syndicated Loan Market in Q1, 2014
2014/04/15 | By Judy LiThe Bank of Taiwan (BOT) led in syndicated loans among Taiwan's domestic banks in the first quarter with loans of US$741 million for a market share of 12.87%, and Taiwan Cooperative Bank topped with US$1.048 billion as a management bank with a market share of 18.3%, according to Basis Point Publishing Ltd., an affiliate of Thomson Reuters Corp.
Market observers indicate that in the first quarter BOT led in two syndicated loans, one of which totaling NT$12.5 billion (US$416.67 million) to Synnex Technology International Corp., a leading distributor of 3C products, and another totaling US$230 million to China Steel Corp., Taiwan's major steel manufacturer. The two loans put BOT as the biggest lead bank of syndicated loans.
In the same quarter Taiwan Cooperative was ranked No. 2 lead bank in syndicated lending with loans of US$703 million or a market share of 12.2%, followed by Taishin International Bank, Land Bank of Taiwan and Mega International Commercial Bank.
The statistics also show that banks in the Asia Pacific provided syndicated loans totaling US$75.9 billion in 214 cases in the first quarter, with the loan value down 12.8% year on year. Hong Kong led in syndicated loan value of US$19.6 billion, accounting for 26% of the total. (JL)
| Taiwan's Top-5 Syndicated Lenders in Q1, 2014 | ||||
| Rank
| Lead bank
| Management bank
| ||
| Bank
| Market share (%)
| Bank
| Market share (%)
| |
| 1
| BOT
| 12.87
| Taiwan Cooperative
| 18.3
|
| 2
| Taiwan Cooperative
| 12.2
| BOT
| 15.35
|
| 3
| Taishin
| 11.61
| Taishin
| 12.44
|
| 4
| Land Bank
| 10.75
| Mega
| 9.08
|
| 5
| Mega
| 9.53
| Land Bank
| 6.04
|