O-Bank outlines digital banking plan

BOUTIQUE LENDER:The Taipei-based bank, which is scheduled to list in May, said it has a low non-performing loan ratio and an above-industry average return on equity

Taipei Times
Date: Apr 07, 2017
By: Ted Chen / Staff reporter

O-Bank Co Ltd (王道商業銀行) yesterday outlined its plans to transform itself into a nimble and digitally focused boutique lender as it prepares for its initial public offering (IPO) next month.

The bank is scheduled to have its market debut on May 5 — the first bank listing in Taiwan in 13 years — with an eye to raising NT$225 million (US$7.4 million) in new funds, the bank said.

The company has positioned itself as an asset-light boutique bank that yields higher returns on equity compared with its larger domestic peers, O-Bank president C.Y. Yang (楊錦裕) said at an earnings conference in Taipei.    [FULL  STORY]

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