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Signing ceremony for the CNY600 million syndicated loan to IBT International Leasing Corp. arranged by the Land Bank of Taiwan

The Bank has successfully arranged the syndicated loan of CNY600 million for IBT International Leasing Corp. The estimated amount to be raised was CNY500 million, but the loan was oversubscribed by 170% by all the participating banks resulting in a final amount of CNY600 million; the syndicated loan agreement was signed on 28 May 2021.
The Bank acted as the arranger to manage this three-year syndicated loan of CNY600 million, together with Hua Nan Bank and Bank of Taiwan as the co-arranger, and First Bank, Taiwan Cooperative Bank, Taiwan Business Bank, Cathay United Bank, Mega Bank, Shanghai Bank and Chang Hwa Bank as the participating banks, showing that the banks have recognized and acknowledged the long-term pragmatic operation of IBT International Leasing Corp.
As one of  O-Bank's important leasing businesses, IBT International Leasing Corp. is the first subsidiary of the O-Bank to go west to China. Since establishing its operational headquarters in Suzhou Industrial Park in 2011, IBT International Leasing Corp. has been setting up various branches in Dongguan, Nanjing, Zhongshan and Foshan to speed up the deployment and build up the capabilities to penetrate the China market with multiple locations.
IBT has been recognized by the China Financial Leasing Annual Meeting for its operational capabilities, such as the “New Strength Award,” “Pioneering Award,” “Outstanding Contribution Award,” “Innovation Award,” “Achievement Award” and “Company of the Year Award,” making IBT the only Taiwanese leasing company to receive this honor for nine consecutive years. In addition, the Bank was awarded the “Top 30 in Foreign Investment Utilization” and “Top 30 in Headquarters Economy” in the 2019 Suzhou Industrial Park Government's Outstanding Economic Contribution Awards.
In recent years, the Bank has adopted a proactive approach to transformation. In addition to the original core business of real estate, it has expanded its business to corporate credit, wealth management, overseas Taiwanese enterprises, and Trust 2.0 project and continued to implement “5+2 Key Innovative Industries,” “New Southbound Program,” “Urban Renewal Program,” “Reconstruction of Old and Dangerous Building Program” and so on. The Bank was awarded the “No. 1 Bank for SME Loans,” “Special Award for Balanced Regional Development in the Central Region” and “Special Award for Balanced Regional Development in the Southern Region” by the Financial Supervisory Commission, and was selected by the Ministry of Economic Affairs as an “Outstanding Financial Institution for SME Credit Guarantee Financing Business in 2020.”
In addition, in order to support enterprises and the public to jointly fight the severe and special COVID-19 pandemic, the Bank has actively cooperated with the government's relief measures and launched a specific action plan of “LBOT Supports Pandemic Prevention and Control and Revitalization of Homeland,” to assist enterprises and individuals affected by the pandemic in relieving the dilemma of capital movement. Therefore, it was rated as an excellent bank in “Rewarding Domestic Banks to Accelerate the Relief and Rejuvenation Loan Program” by the FSC.
Moreover, the Bank has been actively promoting the “Collaboration of Public Banks to Rejuvenate the Economy” financing program, which is now working well and is the best partner to help companies to upgrade their competitiveness through international linkages, innovation and transformation. In the future, the Bank will continue to develop the business in a proactive, stable and diversified approach to become an excellent financial institution.

Picture list

The syndicated loan agreement of CNY600 million to IBT International Leasing Corp. arranged by the Bank was signed by Mr. Min-Tzuo Pan (second from right, front row), Manager of Shanghai Branch, on behalf of the lending bank team and Mr. Ming-Je Chuang (second from left, front row), President of IBT International Leasing Corp..
The syndicated loan agreement of CNY600 million to IBT International Leasing Corp. arranged by the Bank was signed by Mr. Min-Tzuo Pan (second from right, front row), Manager of Shanghai Branch, on behalf of the lending bank team and Mr. Ming-Je Chuang (second from left, front row), President of IBT International Leasing Corp..
Release date: 2021/06/30 Last updated: 2021/06/30
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