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Friday, March 29, 2024

LHFG to expand Taiwan loan portfolio

Higher demand from foreigners investing in Asean will facilitate expansion, says Mr Shih.

Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.

The bank’s Taiwanese loan portfolio tallied 8.9 billion baht in 2022, strong growth of 95% from the previous year.

LH Bank targets expanding its outstanding loans to 15 billion baht, a 55% growth rate, this year.

Higher demand from foreign investors investing in Asean countries including Thailand would facilitate the expansion, said Shih Jiing-Fuh, president of LHFG.

According to Mr Shih,…

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