Land Bank of Taiwan continues to champion the growth of emerging sectors! During the 57th business liaison meeting for general managers of domestic banks, held by the Financial Supervisory Commission (FSC) on June 25, 2024, the Land Bank of Taiwan was recognized for its continued excellence, receiving the “Excellence Award in Lending to Six Core Strategic Industries” for the second year in a row. Vice General Manager Tien-Sheng Chiu attended the event to accept this prestigious award on behalf of the Land Bank.
The FSC regularly organizes meetings in collaboration with the Bankers Association of The Republic of China to foster dialogue among senior executives of domestic banks. The session also serves to recognize banks that have excelled in lending to key sectors deemed vital for national growth. These sectors include the Information and Digital Industry, Cybersecurity Industry, Precision Health Industry, National Defense and Strategic Industry, Green and Renewable Energy Industry, and Strategic Stockpile Industry. This year, the Land Bank has once again distinguished itself through its notable contributions to these critical industries.
The Land Bank is steadfast in its commitment to achieving “balanced credit,” strategically enhancing its corporate lending capabilities while building on its strong foundation in land and construction financing. This approach is geared towards refining the credit structure and expanding its policy loan operations. Integral to this strategy is the inclusion of ESG (Environmental, Social, and Governance) criteria within its investment, financing, and product evaluation frameworks, propelling the Land Bank towards corporate sustainability.
The Land Bank's efforts in adjusting its credit structure have been fruitful, evidenced by a pre-tax profit of NT$17.043 billion in 2023—a record high that also showcases superior asset quality. By the end of 2023, Land Bank achieved a non-performing loan (NPL) ratio of 0.11% and a loan loss provision coverage ratio of 1,674.96%, both figures significantly outperforming the domestic banking average.
The Land Bank has also been instrumental in policy lending, particularly in supporting Taiwan’s emerging low-carbon sectors and small and medium-sized enterprises (SMEs) by facilitating essential financing. The Land Bank’s excellence in this area has been consistently recognized, receiving the “Excellence Award in Lending to Six Core Strategic Industries” from the FSC for two consecutive years, along with the “Outstanding SME Lending Bank Award for Balanced Regional Development - Central Region” in 2023. Furthermore, the Ministry of Economic Affairs honored it as an “Outstanding Financial Institution for Post-Pandemic Stimulus” under the SME Credit Guarantee Financing program in 2024.
In advancing its sustainable finance initiatives to achieve net-zero emissions, the Land Bank has recently completed the signing of the Equator Principles, supported the Task Force on Climate-related Financial Disclosures (TCFD), and continuously introduced third-party verification. In 2023, all domestic and overseas operation sites passed the verification of greenhouse gas emissions (Scopes 1 and 2) and received the ISO 14064-1 Greenhouse Gas Organization Verification Certificate. Furthermore, demonstrating its commitment to customer service and the domestic sports industry, the Land Bank has been ranked in the top 25% in the FSC’s Fair Customer Treatment Evaluation for five years in a row and has received the “Sports Promoter Award” from the Ministry of Education for 15 consecutive years.
This year, the Land Bank has adopted “Green Finance Leadership, Sustainable Co-Prosperity” as its operational focus. The Land Bank has spearheaded sustainability-linked syndicated loans, issued sustainable development bonds, and introduced green deposit schemes. It also capitalizes on green energy opportunities with initiatives like the “Green Electricity Payment Trust” and the “Green Building Financing Marketing Program,” which encourages the construction industry to adopt sustainable practices. These efforts underscore the Land Bank’s commitment to fostering a sustainable ecosystem that benefits not only the Land Bank but also the wider society and environment.
Contact: Tzu-Cheng Chen
Tel.: 02-2348-3342
