Taiwan’s banking sector is notoriously problematic, with some 70 banks for just 22 million people, around half of them state-connected, poorly differentiated and frequently loss-making, yet resistant to consolidation. Banking investment has its own issues, with some skepticism over whether private equity owners can ever effect operational improvement.
To Longreach’s credit, what is ostensibly the first ever private equity-controlled banking transaction in Taiwan is also looking to be one of the most successful. EnTie is in many ways a typical Taiwanese bank. Founded in June 1992 and listed on the Taiwan Stock Exchange in 1999, EnTie is a mid-tier player, just below the local top twenty by assets. The bank is concentrated in the Greater Taipei region, with 34 of its 53 branches there, with a business well-balanced between commercial and retail banking. Learn further about Longreach Group Ltd