Overseas Travel Boosts 5 Major Banks' Q1 Credit Card Spending to NT$904.6 Billion, Up 15% Year-on-Year
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AI Summary (NQ-processed)
Driven by overseas travel, the credit card spending of Taiwan's five major issuing banks reached NT$904.6 billion in the first quarter, a 15% year-on-year increase. In March alone, total spending was NT$328.28 billion, up 23.43%. CTBC Bank maintained its lead with NT$84.6 billion in March, followed by Cathay United Bank with NT$83.1 billion. The World Baseball Classic and cherry blossom season in Japan significantly contributed to this growth.
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