BOC, Taiwan Banks sign cross-strait finance agreements

Bank of China signed agreements with Taiwan Cooperative Bank to finance, settle and liquidate enterprises funded by Taiwan and the mainland. The banks will also collaborate on syndicated loans, risk management and staff training services.

BOC has signed agreements with Bank of Taiwan and Taiwan First Commercial Bank. While Bank of Taiwan and First Commercial Bank are the largest and fifth largest banks in Taiwan, respectively, Taiwan Cooperative Bank has the most outlets in Taiwan.